shepo69 The way it is working is that at this point if BDWH maintains it's .20 price per share then each BDWH share is worth about 2.5 of the TWOG share... i.e. .085 x 2.5 is .21 ( so close enough) BDWH will be doing a 1 for 100 reverse split after the amalgamation and will end up at $2.00 a share, and change it's name.
The reason for the TWOG buyout is to get the investor base that will make them eligable for the nasdaq, they will still have to increase the price per share but from what i can gather that may not be too difficult once this merge / reverse split is finished..
Bottom line is ...... it is a little convoluted and may not be for all investors however I do see some potential here beyond the .085 buyout price..
That is what it appears to be on the surface and from talking to both TWOG CEO and the BDWH CEO... it remains to be seen if reality catches up with the game plan.
Is TWOG acting like it should with a buyout on the table? no. Is the stock acting like it has rolled over 50% of it's float within the past few days? no.
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