I disagree. If our shares with AMNP are to be converted to CGFIA post merger, we must consider the exchange ratio. CGFIA is, and has been trading at .0001 for a while, Vs. AMNP's low of .002.
So for every share of AMNP, we would get 20 shares of CGFIA. Assuming the paperwork is / has been drawn up in the past few months for the merger, these are likely in the ballpark of the numbers being used, however it would only work further to our advantage if the moving average over the past 6 months or year are used.
Now consider that as this becomes closer to reality, the share prices of both companies climbs...yet the numbers in the contract will not. Perhaps this goes only to .01, and CGFIA runs to .001 conservatively, that would give us a one bagger from here with AMNP, but post merger that would be multiplied by the amount that CGFIA goes up as well.
Which would make this a 100 bagger from here. Now even if my numbers are off by 1000%, this is still a safe 10 bagger...then again the MA over the last 6 or 12 months could be used to calculate the exchange of shares, in which case our gains would be even larger than a 100 bagger.
Now if we were to simply put our money into CGFIA right now, we'd have to hope that it goes to at least a penny from it's current level of 0.0001 to equal the same gains. Now, it is possible that CGFIA will run all the way to a 0.01, as there is word of a buyout over there as well...just imagine if both mergers come together across the next 6 months or so. Then AMNP could end up being FAR more than just a 100 bagger.
Play it safe though...put some money into both stocks. It doesn't appear that either one are loosing plays at this point.
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