This is going to rise so long as TIO rises... and with consolidated earnings going to show strong revenue and operational earnings... TIO and TMNA could be going multi dollar soon.
Amazing!!! And the analyst report here: https://taglichbrothers.com/wp-content/uploads/2023/04/Tingo-GroupIncUpdateReport-04-03-23.pdf
FTM (Forward Triangular Merger) provides a huge tax benefit to merging companies because of the way the how Mercer puts it "acquisition" of the main subsidiary... however its really nothing more than a swap of stock (there are some cash implications but it is so low that it really removes the need to pay any taxes by both firms). Then TIO (or MICT at the time) gives shares 75% of it to TMNA holders because they put their company under TIO... that part is the merger part. Now I forget the exact number of AS needed but TIO needs to open up the AS to around 520m of which around 39Xmillion or something of that will be new TIO shares to TMNA. TMNA has 1.25B to that 39X conversion which is 75% of TIO but equates to 1 TMNA = 0.3167 post merger TIO shares. 10000 TMNA = 3167 TIO once conversions are done. You also get to keep your TMNA shares (from what I can tell) which is a double win since TMNA itself will also own TIO in the holding company... TMNA (considering they will own 75% of TIO) is the top company in this chart not TIO. Now expecting you get 3167 for every 10000 TMNA you could buy TIO or TMNA but since we dont have our shares yet: 10000 TMNA @ 0.4344 = $4344 3167 TIO @ $2 = $6334 Arbitrage Discount/Profit: $1990 or 45% If you are willing to ride out the completed merger... then buying TMNA now waiting for TIO shares later (if it rises), you net yourself about 45% profit/discount (as it currently stands).
