RE:RE:Bought Pershimex shares todayHi mariner13.
My formula for comparing ABI and PRO share price is:
PRO divided by 0.67 = ABI share price conversion
0.25c divided by 0.67 = 0.0373 (like buying ABI at 0.0373c
0.03 ;; = 0.0447
0.035 ;; = 0.0523
0.04 ;; = 0.0597
0.045 ;; = 0.0746
I hope my calculations are correct.
My average price for the 1.7m shares bought is 0.0315 divided by 0.67 = 0.047c of ABI.
We have already bought more than 3m shares of Pershimex (PRO) .
All i need now is to be convinced that it is a good deal for Pershimex share holders to vote for
the merger(66% is needed)..
I know that there has to be promotion for the merger.
Will the share price of Pershimex be kept low or the share price of Abcourt be increased to make the merger look acceptable to Pershimex share holders.
Only when the merger is accepted by Pershimex will we (as Abcourt share holders) be sold
as being good for Abcourt share holders also .
Fernand