As I basically wrote on another forum:
Company could do an in-specie on a one for one basis of every TAS share held you'd be given one EDE share! TAS option holders are also included in this figure so if they excise then they could also receive one EDE share for every TAS share held!!
Still leaves the Company with basically 110 milllion EDEO'S or around 8.5 million worth on this alone given Friday's closing price and just under 47 million main shares left as well, another 5 or so million!
EDEO'S are well in the money likewise the TAS options with 2 years to run. If the 90 or so million TAS options were excise it'll be another approximately 4.5 million bucks!!
TAS inspecie offer
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
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