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twentytoo

05/17/07 11:40 AM

#24691 RE: igster #24675

If your math is correct than effectively the shares you hold today would be worth 53000 * .33 = $17490. Right now your personal market cap is $1600 approx. So what is confusing is why this thing is trading at one tenth of what the PR claims the shares will be worth in JUly.

Shepo69

05/17/07 11:41 AM

#24695 RE: igster #24675

They PR'ed they expect that the new stock will trade at .25 euro or .33 USD (at todays conversion rate) What they Expect and what is reality is yet to be seen, but yes. Based on that assumption your math is correct.
In reality, the only thing we can really say is, after the splits and divy's you will have 160,000 shares of the new PMCL, and 53,333 shares of the new European distribution company. What that will be worth at that time is what ever you can sell them for :)