RE:RE:Take the money?
okgonow wrote: slingshot14 wrote: I probably have this all wrong but 12000 shares convert to 222 shares of Alamos if I have that right and Alamos is around 23.00 dollars and it was mentioned that Spinco would be about .06 cents.....wouldnt you come out better just sellin at 47 cents..
Hoping someone can straighten me out thankyou
The exchange ratio is 54 so the math is pretty simple take the Alamos price and divide b 54 ( if 23$ then your getting.4259 cents for every Argo share you own ) plus whatever you value SpinCo at ( not going to get into that discussion again)
so if you sell your shares at .44 your essentially valueating your he spice at .015
correction to the last sentence
so if you sell at the closing price of .47 you are saying spinco is worth .045 a share (.425+.045 =.47)
if you value spinco at 0.00 then Alamos would have to trade at $25.38 to get .47 for your share