fractions of shares Assuming the deal goes through, you will get 1 new common share for each 200 common shares, 16 preferred shares, or $400 of convertible debentures. If I understand correctly, all fractional shares will be discarded so if you have 199 common shares, 15 preferred shares, or $399 of convertible debentures you will get zero. Ideally, you should have holdings that will convert into an exact number of new shares.
Assuming each new common share is worth $20 and you pay $9.99 for each transaction, you would break even if you buy or sell shares to get rid of 1/2 a new share, and make money if you get rid of a bigger fraction than that.
It may not be worth your while to buy or sell shares to get to an even number, but if you plan to buy or sell shares anyway you might want to consider this.
No matter what you do, you will end up losing a fraction of a warrant since the ratio between new shares and warrants is a wonky number. This is less of a problem because warrants are likely to have a much lower price than the new common shares.
No fractional New YMI Common Shares or fractional Warrants shall be issued or otherwise allocated under this Plan of Arrangement. Any legal, equitable, contractual and any other rights or claims (whether actual or contingent, and whether or not previously asserted) of any Person with respect to fractional New YMI Common Shares or Warrants pursuant to this Plan of Arrangement shall be rounded down to the nearest whole New YMI Common Share or Warrant.