RE:Hecla share price to determine # shares to ATAC shareholder My arguement is based on the typical agreement! So far this is not a binding letter of intent as near as I can see. When a binding letter of intentent is signed it usually includes a share ratio based on a disclosed closing date. If that date was included in the original LOI any gain on Hecla would also be a gain for ATAC. If a share ratio is not disclosed with a date then it is still up for discussion!