OXX said on November 15.'Peak and Octanex have agreed to work...

OXX said on November 15.
'Peak and Octanex have agreed to work towards a merger of the two companies
(“Merger”).The Merger is proposed to be implemented by a Scheme of Arrangement
(“Scheme”)(to be submitted to Peak members in Q1,2014)under which Peak members
exchange their Peak shares for Octanex shares.The consideration for the Merger will be
the issue of such Octanex shares that attribute a value of not less than $0.01 (1 cent) to
each Peak share (“Scheme0 Consideration”), thus setting a minimum consideration,
with the full consideration to be determined in Q1, 2014.'

After the recent issue by PKO ,OXX holds about 335 million PKO so needs to acquire about 345 million PKO.At 1 cent a share this costs 3.45 million.If OXX is valued at 12c it would have to issue about 30 million shares.

So at a minumum ,8.33 OXX plus some allowance for dilution may be worth 100 PKO.

Any thoughts ?.