RE:RE:RE:NumbersSome of us lucky investors were able to pick up MWSND (Southern Cross on US OTC market) at equivalent of $2.54 CAD whilst there was still a trading halt on the TSX early this morning. An hour after OTC open the prices jumped back into line with the 3.16 : 1 share rollback.
One thing all investors NEED to watch is their brokerage accounts. Mine simply split my cost basis between the SUA Holdings spin out and the Southern Cross Shares. This was incorrect as the cost basis of SUA was supposed to be the FMV of the shares on the distribution date. I have reached out to the company to get the official FMV as of the distribution date.
Based on market activity, it doesn't appear that the estimated FMV of the SUA shares are more than a few cents a share. I look at it as a "free lottery ticket" so to speak.