MTMY,13 Jan 2019 19:48
All looking good holders,very thin trading in Tel Aviv,actually less than average.
Very positive here,we've only got 95M shares with the majority held by large stake holders.
Was looking again at the last quarter results.
Team Internet is a very good business ,revenues of $100M,net Profit £11M,so even at the lower end of valuations certainly the company is in positive territory multiples of £7M Cap.
That's why this isn't binary,binary is either all or nothing.
Looking again at the BH presentation there's a huge sweetner the warrants for 10% of the company exercisable at 150% of share price Post funding!.
Bondholders will do very well here,as well as shareholders.
Get the formalities out of the way tommorow afternoon and there'll be a very tight squeeze for stock.
Be an interesting days trading for sure tommorow,dare I say volitile,but do expect an end price much higher than 8p.
Remember this is recovery play,the Value is there,and is black and white,read the financials.
GLA