Ever the optimist, I have a good feeling about this coming market week, and am keeping my fingers crossed that EEGC benefits from it.
I'm a little alarmed though, because I've read several posts from folks who seem to think that EEGC has acquired a $900M company. There were even some guesswork calculations that suggested EEGC now owned 10% of the other company.
There is absolutely no way to calculate the value transacted either to or from EEGC based on the information provided. EEGC plans to receive all of the issued and outstanding shares of that other company in exchange for 90% of something that also has no estimable value based on the information provided.
"issued and outstanding shares" has no direct relationship to the conservatively estimated $900M in assets the other company has --- unless someone has some more specific info on the company --- I would love to learn more if anyone has done that DD.
I think even the concept of the plan is not clearly disseminated in the PR. I truly hope that it is beneficial to EEGC, but right now I can't tell that it is any more than a pipe dream.
Vincent, thank you so much for sharing the details of your trip and some wonderful photos. It's nice to get some first hand information (even though I'm getting it second hand) ;)
AI
