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Tuesday, April 23, 2024 11:31:04 AM
The recent increase in authorized shares from 200 million to 2 billion for KOAN suggests that they are preparing for a common share exchange. Additionally, we are nearing the completion of the 251G process. KOAN, as a shell company, has no revenue and tangible assets, making it challenging to assign a definitive value to its shares. Despite this, it currently trades at around $0.04 per share. On the other hand, EMGE, trading at $0.0024 per share, boasts tangible assets and revenue. Therefore, a 1:1 exchange ratio similar to the HVMC case could make sense from a management perspective. Such an exchange would offer long-term shareholders the opportunity to acquire EMGE shares at a price equivalent to $0.04 per share, potentially adding GREAT value to their investments, truly life-changing for many long-term investors like us. Imho.
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