The excuse that MO is using for the need to sell EMC at such a low price is: The amount of capital needed to bring this pipeline to fruition is a burden to CCE shareholders.
This raises the obvious question, how will TAG be able to afford this? I suspect less shares on offer means that this entity will be able to go to the market and raise funds. This results in a dilution of CCE shareholders value in the company and makes the transaction of less value.
So the pipeline is purely speculative. If the projects are won then they will cost a great deal of money. Money as yet the company doesn't have.
Further to this none of this cost was revealed to CCE shareholders. ??????????
I honestly have no words.
CCE Price at posting:
2.3¢ Sentiment: Sell Disclosure: Held
