Tomas,
First off, I appreciate the postings, they've been very useful. Second, had a question which I thought you might be able to help me out with. If you can't, don't worry, I'll email the company.
I'm trying to get a better understanding of KMOC. I understand we own 37,692 shares which will be split 40-1 on the IPO, which is going to be priced at $14 to $16. That would make the shares worth approximately roughly 23 million dollars, but we will also receive $1.3 million, which KMOC owes Lundin.
It says in the information brochure that Lundin has the right to require KMOC to include 17,461 of its shares in the registration. This is what I wanted to confirm: By registering these 17,461 shares, (split 40 for 1), that means Lundin's cash position will increase by approximately 10 million dollars. Am I correct in this assumption? Seems obvious I know, but I just wanted to make sure I'm correct. Do you have any idea when KMOC will IPO? We had a nice week, but I think the stock has a lot more upside. Thanks. |
