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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks

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To: stock leader who wrote (1719)10/5/2017 8:57:08 PM
From: Elroy  Read Replies (1) of 1736
 
ITEK closed at $3.00 or so.

The market cap is now $80 million.

Is my understanding of the proposed reverse merger correct? Since the acquiring company will own 80% of the equity and ITEK shareholders will get 20% of the equity, does that mean once the merger goes through the new company will (if the shares stay where they closed today) have a market cap of $400 million?

I think ITEK had net cash of $60 million, so that means the new company is a biotech startup with a pipeline, $60m cash and a $400m market cap?

Well, it's no longer a cash rich value stock!

Damn, sold all my share below $1.40......
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