Conversion to New Shares?With ONE CNY share being valued at 40% of the curren value when converted to the new company.......this would mean that for every 2500 shares currently owned the ownership in the new company will convert to 1000 shares.
I have 2 questions here ,the first being whether in order to get the 20% bonus you have to have purchased the shares prior to the settlement date of October 4th which was mentioned in the NR.
Secondly when posters talk about their hopes of seeing the shares trading at $3 a share once the new structure is voted on...is everyone expecting the value for 2500 shares to be $7500 or $3000 based on the 1000 shares in the new company?
Maybe some opinions on forecasting the developments over the next few months will be welcomed from Hefty and others who have an idea as to the progress the Company is making
Thanks and GLTA