GYM/MSN
As per news posted by William. MSN owns 2,269,500 shares of GYM and warrants to purchase 1,000,000 shares at 7.50.
2,269,500 x $11= 24,964,500
1,000,000 x ($11.00 - $7.50)= 3,500,00
Total Value of MSN's ownership in GYM at $11.00 per share
is $28,469,500.
Total Value of MSN's ownership in GYM at $8.00 per share
is $20,790750.
MSN market cap is $30.4 million.
Pretty compelling stuff. At current prices MSN's ownership of GYM is almost equal to its market value. I will buy and research MSN's valuation exclusive of its GYM ownership and get back to the thread.
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