16.5 million dollars6 Mar 2019 20:15
paid for 54% of the company. Which values the company at around £23 million.
Im assuming another 300 odd million shares will be in issue (to Ruyi).
As soon as the deal is done (May or before). The price should shoot to circa 4p just for starters. Ruyi are also giving machinery to Bagr around the Value of £1 million. A decent couple of contracts our way and the SP could be double digits very soon. ( 5 years ago SP was 60+ when there was a contract with M&S)
The current market cap is £4 mil, Ruyi have given a non refundable deposit of £2.5mil.
1.4p a share is ridiculous value (even if the deal doesn't go ahead, which Im fairly sure it will do)
Wish I was getting in at these prices! (I average 2.1!)
GL all holders, not to much longer left....