Really can't "catch the ball" what is the logical behind : Mikro bought 25% of BESB with RM75m (cash + share issuance). Then share swap (BESB 25%) to exchange 25% of Elridge Energy (subjected to ACE listing approval). This deal is OK. All stakeholders of BESB (remaining 75%) to be sold their holdings to Elridge Energy with RM34.98m. Can you image Mikro bought 25% of BESB at RM75m but Elridge Energy bought 75% of BESB at RM34.98m? But why Mikro has to pay more to acquire BESB in the first place ???? Pls correct me if my information is inaccurate....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
didi7349
514 posts
Posted by didi7349 > 2023-12-19 16:34 | Report Abuse
going to 20....