JB..My response (-) to your response
Nice Math.
-Thank you.
But are we not forgetting something here?
-I think you are forgetting something here.
There is no cost associated with this transaction it is purely a stock exchange.
-If this transaction is “cost neutral”, why do you state “The acquisition target is paying 138 million shares to Petel at $1.50 which is a cost to the target of $207m.
So the way I look at it is Petel is paying 5 million shares at $0.37 to the acquisition target which is a cost, in dilution or any other mechanism, of $1.85m to Petel and its share holders.
-If Petel is paying $1.85M in PTEL stock, I assume the market value of the acquisition target is $1.85M
The acquisition target is paying 138 million shares to Petel at $1.50 which is a cost to the target of $207m.
-Any company can state any issue price. When the shares hit the market, the market will establish their value. I refer back to the ”unicorn” that trinity has for sale.
There is only a 5 million share dilution to Petel share holders. The stock dividend in both directions is cost neutral so the dividend in stock to both parties is positive and far greater than $0.05.
-Here you go again, “cost neutral”.
Petel pays $1.85m and receives $207m.
-These figures do not seem cost neutral to me. Petel receives $207M for $1.85M. Nobody in their right mind would go for such a deal.
Simply, little or no dilution to Petel, the Parent company, and significant dividends issued to all at no cost in the subsidiary to all share holders. How anyone can translate this into a forward split is beyond me. If the stock was issued 138 million to Petel and 138 million to the target, then I would agree but this is not the case.
-I guess my math was wrong after-all. There will be 143M outstanding shares in the target after the dividend. Petel has established the market value of the target @ $1.85M.
$1.85M divided by 143M outstanding shares = a market value of $0.013 per share
My view is we as share holders get free unrestricted shares; even if they are at $0.20 they are free gratis. Alternatively if you don’t want the stock, any share holder is at liberty to refuse to accept them.
-I agree with you JB, they are free and I do not care how much they are worth…I am grateful.
Finally as I am tired of all the bull that is continually posted about me. Yes I have filed under 144 some stock. I am and always have been restricted due to the 10% rule. I have held this stock in certificate form for nearly 1 year and in real terms for greater than 3. I have invested a lot in the company and kept it going out of my own pocket for many years. So to be honest, bearing in mind my restrictions shoot for me for actually taking something back. Also as you will note, there has been an absolutely devastating effect on the pps which continues to rise steadily, week after week…………………Go figure?
-JB…how did you get 138M shares…I thought you only had 33M.
As the friend, which you promote on the boards, why be my friend when you want something and then always be the first to shoot me down publicly when you get the chance?
Sol, I have been a friend to you more than you will ever know, but enough is enough. So I wish you well and here is my very last gift to you.
-I guess we have heard the last from you…I’m hoping you will respond to my response…if not, I guess you are slowly riding off into the sunset, with a lot of $$$$.
Petel has received an offer on Medify Solutions which will phoenix the company through and IPO. The principles of the deal are very simple. Based on the TPP contract, a new corporation will be floated and all existing share holders in Petel will be given an equal number of shares to their current Petel holding in the newly formed Pink Sheet listed company. Now with that news, the progression of Petel, the dividends and a stock position for all share holders now in three floated companies all granted through a holding position in one company, then either the world is mad or as always stated, the shareholders will be rewarded. As I said, Christmas has arrived early. Surely no-one can complain about that, other than the usual suspects…………………
-Thanks for this info JB…I look forward to these things happening…GO PTEL!!!
News 
Market Data 
Discover 
