Premier Royalty Shares I would like clarification on BPV conversion of shares to Premier as stated in a previous post here:
- 4 BPV shares = 1 Premier share
- warrants under the same terms as the existing BPV warrants except a 2016 expiry date (2 years longer than the current BPV warrants) accompany the the Premier shares (2 warrants for every 3 shares?) upon conversion?
- so the argument is the new Premier warrants would be preferable to the current BPV warrants because of the extra two years for conversion meaning it's better to hold BPV common now because longer term warrants arrive with the Premier shares when BPV common shares are converted to Premier
Have I got this story straight?