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Alias Born 04/19/2012

Re: None

Tuesday, 11/01/2022 7:45:38 AM

Tuesday, November 01, 2022 7:45:38 AM

Post# of 13383
It is really simple folks. Assuming you own 1,000 ITUP shares now

Before the change

You would get cash dividends totalling 1,000 x ( $0.48 + 4x $0.35) = $ 1,880 (expected value)

After the change

You now get 6,300,000 Cow shares for 12,000,000 remaining ITUP shares or 1 Cow share for every 1.905 ITUP shares you own.
The expected value now = 1,000 / 1.905 x $10 issue price = $5,249 but will likely be higher in 1-2 years as the price of your Cow shares will likely be higher than $10.

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