[Flash News] Reverse Takeover Of "My Other Net-Net*"
At a 100%+ implied premium of current share price (and ~a double of initial write-up). Unexpected but I'd take it.
“Unverhofft kommt oft“
German proverb.
Introduction
This is a quick post on some news breaking today on a net-net that I described briefly in two articles:
The structure is somewhat convoluted and was just announced, so I don’t understand the implications totally just yet. Expect this post to be edited and evolve. There have been rumours of a deal in the past days, though.
Here we go:
[EDIT: after significant share price jump in the pre-market at at market open, the shares retracted dramatically within the first two hours of trading - on significant trading volumes.
Only a single analytist asked a question. Very little attention given. I wonder if I miss some red flag or if indeed no one cares.]