RE:RE:Finally a reply from StrathconaTalked to broker at length. It seems the wording in the Strathcona filing is vague, at best.
Broker said that the half-share thing wasn't for individual shareholders, but the total number of shares they were given to divide among their clients. I guess the broker figures it is easier to pay our the cash for any partial share, rather than do it the way the filing said.
I suppose that makes sense, although Strathcona should have been more clear, not that they give a rat's behind about PIPE shareholders.
What the broker couldn't do is explain how they calculate the amount of money to be paid out. It should be based on the $2.72 value of PIPE in the "deal", but we all know that ain't gonna happen.