$MGO Global (MGOL.US)$ It still depends on the merger ratio. If it's 30:1, it is unlikely to exceed 0.6, and may even drop to 0.2... Is there still a chance to turn the situation around.
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$MGO Global (MGOL.US)$ Yesterday at work, it was a bit busy, but the merger ratio made me feel dizzy! When I first saw the announcement of 30:1, I felt something was wrong, so I sold off in batches at just over 1 yuan and suggested reducing my holdings, but the stock price didn't fluctuate much and only dropped a long time later. I also don't know what others think? Because when the stock wanted to merge, it was initially stated as 1:1, with an estimated valuation of about 18 million, accounting for over 5% of the new shares! What is puzzling is that after the preliminary plan came out, there was a 10:1 merger, which generated confusion about yesterday's announcement. This could lead to a tenfold disparity in valuation: if 30:1, the valuation can only be around 0.33, depending on the fluctuation of the new share price (10 yuan), theoretically most will be a bit lower. Similarly, if 3:1, the valuation would be around 3.3.... My personal view: The announcement indeed stated 30:1, but according to this ratio, over 9 million is reduced to over 300,000. Even if the new shares are 10 yuan, the valuation would only be over 3 million. Is the original company merging at a bankruptcy price? So I am still puzzled! After the market closed yesterday, I bought back 3,000 shares at an approximate average price of 0.54, waiting to see if I will lose 2/3 or earn over 3 times? I can only have fun; anyway, I made a bit yesterday...![]()
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$MGO Global (MGOL.US)$ What is the actual merger ratio, 30:1 or 3:1...?
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$MGO Global (MGOL.US)$ In the future, there will be more insights. The initial merger valuation was 18 million, and when 30:1 came out, I was baffled. Now it is also chaotic, as it turns out valuations can be swapped around.
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$MGO Global (MGOL.US)$ Confused him.
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$MGO Global (MGOL.US)$ The announcement is unclear.![]()
If it is based on the current share capital of 30:1, it is meaningless, but if based on the old share capital, it is acceptable.
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$MGO Global (MGOL.US)$ Someone just mentioned that this stock has a capital of 96 million shares, which refers to before the consolidation (10 for 1). If this 30:1 ratio is based on the previous capital, that would be fine, but based on the current situation, it would be 3:1. Is there a kind soul who can explain whether it is based on the previous capital or the current one?
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