Replies to post #231832 on Bebida Beverage Company (BBDA)

[Whiplash_Investor]

Discount to market price is a %, not a set price. If his claim that shareholders will receive 1.5x value for their shares upon exchange then the discount to market price is 33%. It's not a moving target if the 1.5X is to be believed. There is no wiggle room, there in "yet to be determined". Either they receive 1.5x in value which would mean a 33% discount to market price or they don't.

You're initial premise assumes they are talking about the discount %. They aren't. They are talking about the stock price that their value will be based on...all is in the same sentence. Read below, especially underlined part. So I see no misstatements and frankly can't see how you came to your conclusion, trying to look at it differently. Sorry.

However, the exchange ratio will take into account the new, yet to be named, company's stock price so that BBDA shareholders can swap their stock at a discount to whatever the market price is at that conversion time. That discount to market has yet to be determined.