GREY:CBICF - Post by User
Comment by
SBoom75on Oct 19, 2018 12:01am
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Post# 28832398
RE:RE:RE:RE:RE:Better to understand
RE:RE:RE:RE:RE:Better to understand I will give you an example of how the share exchange transaction will work.
Based on current share price of IAN $8.19.
Anyone who is holding MPX will receive equivalent of the following in IAN shares:
- $8.19 x 0.1675 = $1.37
+ You will received shares in an new company MPX international.
Best way to look at it. At current prices, you would received $1.37 each MPX share. MPX is trading at $1.19.
You would be up 15% as the two stocks have not become in alignment yet.
Soon the two stock will come in alignment and you will loose this 15% premium.
If IAN goes up then your value of MPX will go up as well until the deal is finalized. I'm confident both stocks will go up as US market is where the money is now and these are two great companies.
Midasletter just released a article suggesting that the US market is going to heat up quick and has been out performing the Canadian stocks lately!