TSX:ONR.UN - Post by User
Post by
Golongagainon Nov 06, 2011 12:28pm
401 Views
Post# 19213581
GOLONG - Mr. Helper...
GOLONG - Mr. Helper...I do not understand what is going on here.
GOLONG - The world is a complicated place.
This restructuring is not clear for me.
GOLONG - You need to read all materials associated with ONR / PSN to grasp the situation as it has unfolded.
I t looks like onr will not trade anymore and we will have our shares transfer to PSN
GOLONG - NEW ONR traded heavily on Friday. OLD ONR did not. NEW PSN also traded well.
There was no transfer, unless you mean value transfer. There was a SPINOFF . . . It was in all the papers.
1 old ONR = .889 shares of PSN .
IF you were involved in the SPINOFF, you received (or will, when any number of Brokerages deposit into your Trading account) .8839 of a POSEIDON share for EVERY ONR share you held. You also now have NEW ONR shares at their new trading value, which the market sets the price on.
SOMEBODY KNOWS?
GOLONG Knows!!!!