Depends on many things, for instance whether all this wink wink blink blink can be trusted, and what it gets converted at. You are currently assuming 1 to 1 conversion and a share price of a dollar to get $10m. The dach share price is ALL OVER the place. Hard to keep a share price stable with no assets and no real business. LTAS will be the only business in it IF dac gets swallowed into Dach. Couple that with the fact we can't sell for a year and more. All smoke and mirrors in dach unless real orders come. Also, why create a DAC first rather than just buy ltas directly into Dach? One could argue that could be for possible further dilution, or to await orders to appear...
Also if this group can magically make a share price stick, why can't they magically bring the share price of wsgi up or even stable? Why are we trading at a share price that makes us want to puke? Why keep all this elegance and brilliance to themselves? It has been a almost a month now since the deal was signed.
Any more of this brilliance, honor and elegance kept under covers and we will soon be able to buy this company with our piggy banks (if it ever dropped that far more). I hope that happens and we get an even better deal than the "new investors" and take over the company. I feel real assets like GTC and the Argus are just so poorly managed by the current management (I actually think Indy's team and Mr Phipps have done marvelously considering no real money or effort invested by Glenn into them in the past), and we have a suffering stock due to lack of trust due to past and current incompetence. Nothing touted, no news, no publicity, no nothing.
We the shareholding public currently know nothing about the details of the deal, the Argus and its prospects and development, and little about if GTC has managed to close those other 2 contracts that would make all the difference to the value of our shares.
Just too much hidden under the bushel that one could argue that this information vacuum is deliberate to cause shareholder panic. I wonder WHY?
I am just arguing that at the end of the day, real orders from ltas need to show up if any party is to benefit from this. If orders show, why did we exchange a direct bottom line benefit for the "what if" smoke and mirrors questions we are having now?
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