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2,299 Posts.
243
03/09/17
13:09
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Hmmmm. First Cobalt relisted on TSX-V on Monday 28 August.
https://web.tmxmoney.com/company.php?qm_symbol=FCC&locale=en
It is currently trading at $C0.59. The $A - $C are near parity and I ignore.
CO1 shares are to merge with FCC at a conversion factor of .145. Friday's CO1 trading price of A10.5c values FCC shares at 72.4c, a 22% premium.
Something has to give, either FCC up, or CO1 down.
Would some kind soul check my calculations and tell me I am wrong.
Ash
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