RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today's trading or lack of"You still seem to be confused between the conversion ratio and the consolidation price?"
I really don't understand what you're on about. I have only ever referred to the conversion ratio to hypothecate/speculate a price when new-TAU would open trading.
My idea was that pre-closing TAU price was much discounted. You considered my idea, decided it was reasonable to speculate, changed your mind about buying BNCH before the deal closing, and bought TAU at the discounted price (relative to the possible post-closing new-TAU) instead, and accordingly picked up extra profit through the arbitrage.
My only references to 'consolidation' was to correct your reference to the ratio of 2.61 to 1 to the correct 1:2.60 because you misread the news release, and to refer to post-consolidation shares as 'new-TAU'. Post-consolidation TAU is an identity of new-TAU shares and consolidation was not a part of the calculation I employed to make a rough estimate of the discount.
If all this is still worrying you, I would suggest re-reading the thread and think about it. I am not 'confused', extra profit has been made on the arbitrage. If someone bought 10,000 old-TAU it has yielded about an extra $1800 as of today, based on this trade.
You directly referred to my previous post about the speculation, decided it was reasonable, acted on it, and yes, I knew it was you because you responded to my post, and yes, I did 'believe' it was you.
-30- (In old newspaper-speak this used to mean 'end of story').