tjguy makes a great point. Presumably those who bought the Adit shares (must have been 2,150,400 shares) paid $1.5 million for them. This is $.70 per share. That adds an inherent value to TARM and TRGD.
The remaining 20,000,000 Adit shares are theoretically worth $14 million. TRGD owns 72% of that, or $10,080,000. With TRGD’s 103 million shares this adds theoretically $0.097 to the value of TRGD, through its holding of its part of Adit -- naturally through its 80% of TARM holdings.
Since Adit is not trading, this cannot be declared a present solid value, but neither should that value be ignored when investors evaluate the present value of TRGD -- and TARM. Someone else can say what this adds to the value of TARM. I guess it would be 2.5 times the $0.097 or $.2425.
Anyone seeing any mistakes in this or wrong assumptions can let us know.
Curious924