Kevin Chen15
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$MGO Global (MGOL.US)$ 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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Kevin Chen15
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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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Kevin Chen15
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$MGO Global (MGOL.US)$ Confused him.
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Kevin Chen15
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$MGO Global (MGOL.US)$ In the end, if the previous consolidation is taken into account, with a conversion ratio of 3:1, it will cause many people to suffer losses.
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Kevin Chen15
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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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Kevin Chen15
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$MGO Global (MGOL.US)$ Inevitably, even if considering that merging and going public will increase in value (which is very unlikely), it is still greatly overvalued now.
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Kevin Chen15
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$MGO Global (MGOL.US)$ My suggestion is to run; at this ratio, it is simply not worth it.
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$MGO Global (MGOL.US)$ It seems that washing a few more times is necessary to get rid of what cannot be held.
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Kevin Chen15 : If I directly calculate using the circulating shares, the number of shares he needs to issue to us must be at least 1:8.5 to reach that amount!!