DML purchase of NCRHello everyone, question for anyone that can confirm it for me.
If I have 100,000 shares of NCR, and DML is offering 1 share for every 10.87 shares of NCR, then your total amount of DML shares would be 9199.63.
If that is correct, then
100,000 shares of NCR today at .23 cents would be worth $23,000.
9199.63 shares of DML today at say 2.70 would be worth $24,839.
That is a profit of $1840.00, why wouldn't you buy more NCR?
DML is what you buy it at 2.70, where NCR your getting DML at discount, are you not?
I think my calculations are correct, but if I've missed something please point it out to me.
Thanks