Originally Posted by
hardt
115,060,279 Shares in BIL outstanding
$0.019 a share
254.19 to 1 consolidation translates to $4.83 per share
452,654 shares after consolidation for current BIL shareholders
73,000,000 shares will then be issued at around $1.50
Rest will be made up through banking facilities and wholesale investors.
Current BIL holders will end up owning 0.614% of Transport Investments which is valued at $200m.
=$2.186m current BIL
=$200m*0.00614
=$1.228m equity in TIL
=43.82% "premium"
I will most certainly not be a buyer of BIL... possibly Transport Investments though.