Yeah feel ya...trying to look at the all the angles...I don't like that high ceiling..but again shares involved in the deal should be restricted..guess we will see what their intent is with the high auth a bit down the road...would be nice to see an announcement of even a small Auth decrease post split...if there is any kind of panic after the fact...that might be a good way to remedy that dip. after the split..could see some very interesting trading...what will the float be at the point? Usually you see BS MOU's with these types of plays..here we have a definitive..with the CEO of the other side touting the deal tonight on LinkedIn. So at least it feels like a done deal. Crazy this 2019 article talking $400M value. What might it be today? I don't know what portion of the pie todays holders will end up with post merg..but sometimes a small pieces of a watermelon works.
The filing also states that they are reducing the authorized to 1 Billion. It says both 5 Billion and 1 Billion will be the new authorized share count which is contradictory and has been confusing everyone since it was filed.
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