Replies to post #1053 on Pulse Evolution Corp (PLFX)

[ohrun]

Of course, but shouldn't you also take into account that the BTOP shares you are getting are "valued" at $0.50 and the stock is not even trading at that.

[RandomWalk44]

Good point but it still makes an incorrect assumption. The tender says $1.38 per share in Recall stock. This will come after a massive amount of disclosures in the TO or S4. Read the disclosures from BTOP and you will see these docs are coming. This means the market will see 'all' before the deal is done and Recall shares will reflect all of this information about the combined company, the overhang, lockups, etc.

Why does this matter? because if the price of Recall drops then PLFX shares just get more shares to equal the $1.38. If the Recall share climbs then PLFX shares get fewer Recall shares. Either way it's $1.38 based on real market pricing of Recall shares.

The 'market' doesn't seem to get this because the market is basically the people on this message board - and its clear that the people on this board are not getting this.