£1.56 SP on relist?11 Jul 2017 16:56
Have I got this right?? Surely its not this simple?
excerpts taken from the white paper.........
MNY is the first ICO and it will invest in a variety of projects. Primarily, it will invest in: Elite Aerospace equity (at half price); Highway Capital Plc equity (at a 90% discount to market prior to relisting)
DMH&CO purchases c. 1m shares in Highway Capital for approx. $200,000. Along with a stake in 3m call options, via DMH&CO stake Monkey Capital controls an estimated 40% of the public company.
In this example, the Token Holders of PLC are rewarded at the point of relisting of Highway Capital Plc via LP.
The MNY Token Holders will share in the profits of LP2
Token Holders LP2
1. Highway sells DMH&CO around 1m shares for a cash injection
2. Via DMH&CO stake Monkey Capital is GP of LP and LP2
3. S&P agreements are established between LP and Asset owners. Assets are subsequently placed in LP2 for enabling of dividend share
4. LP2 enters into a smart contract with Token Holders Assets
5. Highway Capital relists on mainboard of LSE with active operating financial services subsidiaries
The assets underlying the token issuance include but are not limited to the following:
DMH&CO’s stake in Highway Capital (invested into the SPV by DMH&CO) a stake in SVS Securities PLC which will ultimately be sold to Highway prior to Highway re-listing on the LSE (thereby giving the SPV an enlarged equity position in a listed financial services company with multiple synergies with Monkey Capital);
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It looks to me that the 1,000,000 stake in HWC for MNY has been purchased by DMH&co for $200,000, in a separate paragraph it states that this stake is being purchased at a 90% discount to the price on relisting giving a $2.00 relist price!!!! (£1.56)
Plus any potential increase in price if there is serious interest in this project on relist.
Am I reading this wrong?