RE:RE:RE:LEAF conversion PxYou're clearly not understanding what i'm saying lol. Lets do the math shall we:
You invested $20,000 and your average is $9.00 ps. Thats 2222 shares. 2 scenarios:
Scenario 1 you sold 2222 at $8.50 = $18,887.
You bought LEAF at $28.00 ps. $18,887/$28 = 674 shares
conversion day: 674x3.575= 2410 shares of ACB. You are up 188 shares from when you switched.
Scenario 2 you sold 2222 at $9.70 = $21,553
You bought LEAF at $28.30 ps. $21,553/$28.30= 762 shares
Conversion day 762x3.575 = 2742 shares of ACB. You are up 314 shares from when you switched.
You tell me at the end of the day, which scenario is better. Obviously if LEAF price is lower i'm getting more shares of ACB out of the switch.
Max2228 wrote: Okay so it says you are an advanced member, so wondering why you would think they are transferring at a set price? Have you even read the press release? They are going to be converting the shares 1 LEAF to 3.57 ACB. Nothing about that has a price attached to it. It is irregardless of price. It seems that almost everybody on this board needs to call their bank to figure out something so blaringly obvious.