the price will be determined in the upcoming deal.And it apprears it is going to add shareholders value according to ceo words
But now the price will be significantly less, since GRBG has $250,000 less in cash than it did yesterday. That licensing deal was not necessary if GRBG and Wowgreen will soon be the same company. GRBG just devalued itself and hosed the shareholders.
Go back and reread my email Balamidas because you are missing what is about to happen.
IF they are going to merge the two companies as you said - both of which have shareholders and shares outstanding - then they need to value each company so they can assign value to each share in each company.
The market has already ascribed a value to GRBG - it is around $3.5 million market cap. Allie and Bill will assign a value to WOW - or should I say Allie and Allie since he will be the CEO on both sides of the merger.
It does not matter what he pays Bill for the preferreds he needs to have majority control of GRBG, what will matter to current GRBG shareholders is the value that Allie assigns to WOW if and when he merges it into GRBG in exchange for shares of GRBG.
If WOW is the larger entity, then how do they accomplish merging WOW into GRBG so that GRBG becomes WOW within the current share structure?
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