DonLeopoldo Thanks for your prompt reply and explanation. Very interesting. Makes something clearer and sense. Paim has announced they want to go with both (Paim and Paiip) to a higher exchange, but we will see. I think the float for the paim.pk will be too much (2+ Bio) so I agree that Paim will do another sort of R/S. What´s your guess of the pps in case of a sqeeze?