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Re: 21ZNA9 post# 63845

Wednesday, 09/26/2012 3:56:01 PM

Wednesday, September 26, 2012 3:56:01 PM

Post# of 97615
Great news isn't it?!
This means that the only equity in this deal is 1.7 mil shares, and the cash side of the deal is being paid for of the first Ash Grove contract(s)... or an investment bank coughed up the rest! MSE is much more worth than 1.7 mil shares! There is info to be found that MSE had a $5.8 mil loan in 2010, and there are rumors saying the debt is $7 mil, so that needs to be paid for in this deal. + there is also proof that MSE has several ongoing contracts + assets etc, also this has to be accounted for, so if I were to take an educated guess, I would say that the MSE deal is +- $15 mil worth, and the only equity portion of that is 1.7 mil shares... I LOVE IT!!