Call it what you want.
Obviously the idea is to give them 270MM shares to sell. The more assets they place in the shell the more each share is worth.
If they can show a book value of $5 per share then they can certainly sell them for $5.
270,000,000 x $5 = $1,350,000
Word on the street is that these "international renewable energy companies" have been struggling to get financing ever since Obama left office.
1.3B might just be attractive.
But hey. I'm not a broker.
Please, please do not buy a single share of this stock.
I'm just a debt counselor.