Current share price6 Aug 2024 22:07
Seems to me that the current share rpice is about equal to the effective price of shares the CLN holers will receive for their interest. I think they are getting 390 shares for each 1USD of interest owed.
For example if they are owed $100,000 interest tehy are going to get 39,000,000 shares in the re-organised company. Ie thsoe shares cost them equivalent c. Β£77,000 or 0.2 pence/share.
We can all buy shares today at that price. If it is a great deal for them... then it will be a great deal for us? What I can't get my head around is whether the massive dilution that is going to happen when the new shares are issued means that actually buying shares today is actually much more expensive and pointless. It's making my brain ache.
I think if we buy shares today we are basically getting the same deal as the CLN holders. Can anybody help?