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Re: None

Tuesday, 06/28/2011 2:54:15 PM

Tuesday, June 28, 2011 2:54:15 PM

Post# of 46
Upset about SPWRB price disparity

I am getting really annoyed with the widening price disparity between SPWRB and SPWRA. B shares have more voting power and each B share has always represented exactly the same ownership interest as A shares. TOTAL SA is going to somehow do away with the class distinction, not sure how, legally. In any event, my question is this:

When the new class of stock is created, is there any legal way that TOTAL can give LESS than an equal amount of the new shares for each B share, than they give for each A share?