It seems to me the ask on the Toronto has been tracking very close to the 0.45 ratio. The close pps today is at 96.66% of what it would be for 0.45, a whopping 3.33% discount. I am used to seeing larger discounts with the shareholder votes so far out. With MAI being the cash generator in the deal, one oould ask: why UXG is not discounted more via the MAI shares ?
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