Let's Put it to Rest:I was going to re-explain this again but instead I am going to repost my explaination from a few days ago. Once again NOBODY got ripped off. If you think you have ........ call your brokerage house.
REPOST AS FOLLOWS:
There seems to be a lot of confusion over the price conversion. You have NOT lost 15, 20, 25% of your holdings. I will try to explain. The reason you have "taken a haircut" is because the share value in the newly merged company has dropped lately (along with the whole MJ sector)
At closing on May 4th Tilray US shares closed at about $16 (US) or about $19.44 Canadian
If you take that number ($19.44) and multiply it .8381 you get $16.30 Canadian.
Follow me so far?
Now, at closing on May 4th, Aphria closed at $16.48. So the difference is only about 1%.
Yes, you have fewer shares now but when they converted, they converted to a much higher price. The price has since dropped (along with the sector). If you still held you APHA shares today, they would be trading in the $15 - $16 range and not the $19- $20 range we have today.
My exact numbers may be off a tad, but they are close enough for this purpose.
I hope this clears things up and helps those who believe they have been hoodwinked.