There will be a time to BUY TGLO just pick a number for the market value after the RM $500mm? One billion? ( its $32 million now if it doesn’t go up dramatically as an ongoing venture Fa Get it. . .0024/ share ) Then figure what 1% (.5%, .25%?) of that is worth 5mm? 10 mm?: .0248/ share if 1% of 500mm capitalization .0496 if 1% one billion capitalization
Only way you get even from here is if the venture is valued at 1.5 billion and old TGLO shareholder get 1% of the combined company
That’s what the 124,000,000 shares not owned by Delfin would be worth If the RS happens it won’t change the market value (or your market value) of the whole venture just the number of shares
If Delfin cuts a better deal for old TGLO holders I’d be surprised