NWWV is a new one to me, does anyone care to update all of us on what they know of the goings-on of NWWV and their ability to accelerate growth of PLYCF?
A quick DD review would be helpful and appreciated.
With the differences in share prices at the open today….017 and .022 (30%) and at the close .02 and .022 (10%) it seems like there should be something else in the deal for PLYCF holders to make the deal ‘even’. If not, it appears that we just lost 20% of our asset as a result of the merger. However, not all mergers are created ‘equal’. Often, merger is just legal-talk instead of the consequences from a purchase, sale, acquisition, etc.
The announcement states there will be 334 million shares in the merged company which seems to equal the 254 million NWWV shares outstanding and the 80 million shares that PLYCF holders will receive…..100 million authorized shares times 80%. So, we currently have a proposal that provides us 20% fewer shares and as of today each share is worth 10% less than we had at the close. So, it seems our portfolios just took a 30% hit with respect to PLYCF. And, if anyone in the new company draws a line, the company is owned 75% by former NWWV interests and 25% by PLYCF interests. Of course, none of this includes the pending request to increase the authorized number of shares.
If these numbers are correct and stand-up, then we need a revised price of .0275 in the new NWWV just to be even as of today. However, if the synergies to be derived exceed the 30% hit, then it will be well worth it down the road. But, as of now, I certainly don’t see a dollar a share on the horizon….hopefully, that is just being used as a figure of speech for now. Please tell me this math is incorrect.
