newbee1... if similarities are any indication
the PPS for ARTL might be half of ACMG's PPS when shares are issued... or half of whatever the market settles at AFTER all this NEWS for ACMG/ARTL is digested!
Downside would be that makes ACMG go to half of that PPS until more definite earnings show the actual difference in value of each entity.
Before anyone gets overly excited, I base that on the fact that USSE announced a second entity to be spun off when it was about .40 and it dropped quickly to half (~0.20)... and when SSTP finally appeared as a trading entity and PPS settled out after early discovery and scramble to buy trading shares before restricted divy was issued, it NOW also IS about 0.20.
No guarantee this does the same thing, but it would not surprise me much if it did! And as yet, no definitive answer whether ARTL will be restricted, or not!
We will have to await further clarification in PR releases from the company.
JMO...
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett