Replies to post #77129 on Solaris Power Cells Inc (fka SPCL)

[The Rainmaker]

People need to understand this part...

"Solaris will acquire all issued capital in Project Goth, Inc., a subsidiary of migme, which owns the operating companies, including the company's portfolio of intellectual property."

[The Rainmaker]

This one is a good...Migme aussie shareholder board post

I'm with you Starstreak - why wouldn't you vote for it.We will be getting listed on the NASDAQ where they recognise the value of social media stocks differently. 

Think about Snapchat which has 300 million MAU but lost $US514 million last year. It has a market cap of $US24 billion!!! 

Extrapolating that to close-to-breakeven Solaris (migme) with 35 million MAU suggests that the NASDAQ could theoretically value it at $US2.8 billion or $A3.7 billion. What we do not know is the dilution factor but with a valuation like that there is plenty of room for dilution!!

And is anyone interested in an added bonus? When MIG's operating subsidiary Project Goth Inc is sold to Solaris, in which MIG shareholders should have equity, that would leave Migme Ltd (the Australian company) a listed shell on the ASX. Do I hear another backdoor listing coming? WMG became LAT became MIG becomes ???

[DwyaneMcRoberts]

I mean if I was a shareholder of MIG and got bought out by delinquent AF SPCL, I would be pretty confused.

Once they get their update, I would imagine all of them are going to be pretty happy about it.