Replies to post #1155 on MPX Bioceutical Corp. (MPXEF)

[BpPatriot]

From my understanding I would think they would simply calculate your price of iAnthus by the average price of what you have in MPX. Correct me if my math is wrong here, but the way I see is this: If you're buying MPX to get iAnthus right now, you simply divide MPX by .16 to see what you would be buying IAN at. For example, today MPX is at around .70 cents USD. If you do .70/.16 that equals 4.375USD, which in my head would represent what you are buying IAN for if you're buying MPX at 70 cents. It's a decent discount because IAN is at 4.69 USD. So in my head it really depends on the current price of both IAN and MPX. That 0.16 ratio shouldn't change how many shares you're getting, if you have 5000 of MPX then that would convert to 800 shares of IAN, but you'd need the average bought price of MPX with that ratio to figure what you're buying IAN at.

[greenwillow]

"contingent upon the share prices of the two companies at the time the deal closes assuming shareholders approve in January"

That's how I understand it, too.

100 shares of MPX = 16.73 shares of IAN

In today prices 1215pm EST (USD)

MPX = .705

IAN = 4.60

Market value of 100 shares if today was closing:

MPX $.705 x 100 = $70.50 Market Value

IAN $4.60 x 16.73 = $76.96 Market Value

MPX dip buying makes sense to me too. Arbitrage play.

PLUS MPX Intl. shares...geez, mpx looks attractive at these levels.