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Re: RealDutch post# 146456

Friday, 10/05/2018 11:32:56 AM

Friday, October 05, 2018 11:32:56 AM

Post# of 163719

And we get most of it now, 15M TRW shares out of 18.3M


They're basically withholding the dividend for the collateral shares,no?

There might/should be an upside for the second distribution;

this equates to a share ratio distribution of one (1) share of TRW for every 2.56831 shares of SIAF held by SIAF common shareholders on October 31, 2018


But 47M / 2.56831 = 18.3M, i.e the collateral shares are included in the 2.56831 number. I assume they'll correct this for the second distribution when the collateral shares have been returned, i.e the true total (disregarding more dilution) is 18.3M/39M=0.47 TRW/SIAF or 1 TRW pr 2.13 SIAF. Thoughts?


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