Sure, doing this reverse merger was cheaper for Finjan than going public on their own.
COIN leases the land ($10K/month) for the Gonzales plant, and they valued the equipment and buildings at less than $1.1M.
I doubt that Finjan will net more than a few hundred thousand dollars on the sale of the fertilizer business, and then what will generate cash flow for them?
At today's close, Finjan's market cap was well over $500M, and they have about $30M in cash and no revenues other than Gonzales, which they are thinking about selling.
They don't show a value for their intellectual property, so there's no way to value their assets other than the cash.
Should $30M in cash be selling for more than $500M? I wouldn't think so.
Therefore, IMO, unless Finjan announces a big new contract or an acquisition that will be immediately accretive, I would expect the stock price to fall quickly once the DTC releases the new shares to all the brokers and this thing begins to trade on the fundamentals.
With 268M+ shares outstanding, I would expect $0.25, or less, and that would leave the old COIN shareholders at the equivalent of $0.0005, adjusted for the reverse split.