Sometimes it's difficult to fortell which will come first, cart or horse.
The numeration of looking for 20 mill places a valualtion, imo, on LTC. If a 10 for 1 reverse happens on ctgi/LTC the price maybe a buck in the change of r/s.. and I would expect it would happen only if the 20 mill was committed. So the 20 mill could, again, be looked at as a "Bank". Probably expended fairly quickly( one-two years). With the expending, some developments would happen.
If the (for arguements sake) current a/s was 100 mill, an r/s takedown to 10/1 = 10 million LTC/CTGI shares with a 20 mill bank.
The Bank providers will want something in addition to IP/ VAD 400 ect., and I would expect that would be a 50/50 margin some how,, giving what I believe is an apprx dollar a share LTC at the start,, with the underwriters B/Ds maximizing valuations. Hopefully they would be powerful enough and incentivized to push to 2.00,, or the likes, to assure 100%-200% return for the work.
The LTC which we're all aware of must have developements to hold pricing, and the attendant news. Less news- lower pricing, more news(developement/production/distribution)- higher pricing. We know if hundreds of units per quarter are sold in continuing quarters, what that would do for LTC pricing.
I'm still not aware how Ageis they will have LTC shares. If the r/s makes ctgi into ltc, the share counts must adapt taking into account what Ageis will hold in LTC shares. Sooo if we have 30%<> Ltc new shares then what does the O/S need to be to justify 20 mill bank? A CAP of 20 mill, split between 70% Ageis and 30 % CTGI/CCTI leaves us with 6 mill in "bank valuation" via shares.
6 mill divided into the original 100 a/s could be looked at as .1666... exchange value on 10 for one r/s - 20 mill "bank" 70/30 shares split between the parties.
The spinoff of CCTI, should have some ?# for every share in the present company/ctgi. If the startup CCTI has 10 mill in os/ a a/s of 20 mill, then everyone should recieves one for 10 in present CTGI shares.
CCTI could, COULD, be what Southern co. needs to avoid CAP and TRADE problems or having to purchase CREDITS. Southern Co. has four states supplied(to the most part) with electrical needs via in largest part, Coal fired generation plants.
2nd largest holder of those plants, behind American Electric Power, but first in Total Coal SO2. So they most definitly need to clean up their act. Co2 emmisions commonly are higher with "dirty coal". Since So. Co. ahs the second highest 2008 revenue, $17.00 billion, I believe they can afford to clean up their act/Co2.
The longer we wait, the closer to a possible confirmation on So. Co.s selection on next mockup before a full size plant installation utilizing a Co2 recovery system. Should CCTI be selected for the 26,610 MWs in this So. Co.s coal burning, what would the 20 mill a/s-o/s be worth(CCTI)? A buck? Three?