We’ve been trying to find a way to communicate this to all, and finally it is the only way, short of a press release, to put information out on the structure of the shares of SLMU.OB, the company due to acquire the Sunlogics Power Fund Management Inc. company.
Here are the numbers (rounded up):
14.7million shares free trading
12.2million shares restricted
total= just under 27million shares outstanding
50,000,000 shares authorized
This information is not “earth shattering” and has little effect on the company value. The real value will come from the merger and acquisitions of the solar projects and the synergy created by the management’s ability to more efficiently manage the projects by sunlogics inc or others.
This information does not mean that all of those free trading are in the market. My belief is that many are holding on pending the impending merger or further business development news.
As pointed out by others, depending on which side you choose to sit on the fence, spin will be made either way. Some will say this has “ballooned”, some will say “its reasonable and reflected in the activity”.
Bottom line…I was glad to see few people dipping into the lower price ranges whenever I did have time to check today. I suspect it means we are gathering the confidence of many and given the much lower activity of the “$2” posts on the boards, that the people in it are now in it to stay.
That’s all for today folks…
Sass