flow-through sharesI have a favour to ask -- could someone with knowledge of flow-through shares explain them to me in simple terms? I've read a couple of technical explanations on the Internet, and understand that they are something people use as a tax vehicle/investment, but have some questions:
1) is the price fixed at the point that people reasonably expect the common share price to rise to? Why .89?
2) Do they represent dilution, company debt, or something else entirely?