RE: Surprised25 Jan 2018 11:03
Good points.
I suppose it depends on the size of the business that will reverse into this.
If it's a £10m cap then will they be happy with say 20% going to existing MORE shareholders valuing the equity at around £0.8p.
If it's a £100m cap would they be happy with 10% (£10m) going to MORE shareholders so valuing the equity at 4p.
I think there is potential here but I agree with your view on KIN also.
My three in order of potential and value are:
1. PIRI (note the spread as mms don't want you to buy so I think news is coming and it's capped at less than cash and investments).
2. KIN (small premium to cash). Deal got to be done end of FEB 2018.
3. MORE (premium to cash). Traders dream ATM.
Nai/DYOR