Re: New (to me) SA article explains in detail FRO/FRNT merger
Of course I agree that the market prices of FRO and FRNT are lower than they might be if they more richly valued their potential.
That said, it explains why the two companies used actual NAV , not hoped for and dreamed for prices, when setting fair market value ratio for their merger. That is because it would unfair to base fair market prices on dreams, even if our dreams are good ones.
I am satisfied by their decision to base the merger on standard NAV calculations, my dream prices notwithstanding. The ratio was imho fair to shareholders of both companies.
Now we just need to wait until December or so to see how our dreams come true.
Or, not.
😎