Comment by
bob4977 on Apr 21, 2014 11:36pm
This is nothing but good news. I will have to do some math to see what I want to do with my shares but I like the idea that I will get some cash whether I decide to sell my SND shares now ( at a higher price) or just turn in my shares for SSL shares and get 35c per share in cash. Either way, this puts my SND investment in the black.
Comment by
Heiserman on Apr 22, 2014 12:08am
I've never been through a situation like this, can you clarify a few things for me. What do you mean when you say "sell my SND shares now at a higher price"? Can we sell all our shares for $1.43 per? or are we forced to take the .178 of ssl and $.35? Thanks in advance.
Comment by
ol_griz on Apr 22, 2014 10:14am
"Nothing but good news." I haven't done the math either, Bob, but I think there's a distinct possibility we didn't all get in at a dollar! Rather, it's perhaps the best we could hope for, ending a very sad story that began with Great Expectations.
Comment by
michans on Apr 22, 2014 12:16pm
can some one check my math. In the states with the US dollar and the share price of Sand currently at $5.15 the breakeven point would be to sell at $1.31 USD 1 SAND /.178 = 5.62 share of STTYF 5.62 STTYF x .39 (.35 CAD plus 10% rounded up) 5.15/5.62(sttyf) = .92 + .39 = 1.31 Am I off.....
Comment by
michans on Apr 22, 2014 12:37pm
sorry my math is wrong .35 CAD is = to .32 US so the break even point is 1.24 with Sand at $5.15