RE: Market Cap9 Apr 2020 15:29
I believe our share of GCM is much larger than 30%.
We will have a 30% direct holding post completion of announced transaction
From memory we also have a convertible note for 3.5m convertible at around 10p a share. so that is worth 7m+
I don't really get why people buy GCM directly, Hibiscus covers the share price. >30% of GCM for free. If for any reason it does not go through in GCM you loose your cash in GCM, here you have some protection from holding in Hibiscus.
if GCM was even work 100m ( will be more) we probably have 40% post dilution and 40m vs our current market cap is very nice.
opec+ also meets today, so if oil can claw back, hibi will rise and our safety net will be even better
If GCM works and is work even 100m, probably we get 40% so 40m. a huge uptick on our current stock price.