On the 17th. May SLR hit a low of $2.02 and closed at $2.26.
That same day IGR had a low of 43 cents and closed at 44.5 cents.
Based on those closing prices a 40% premium for IGR is 62 cents. So SLR would have had to issue one SLR share for every 3.65 IGR shares, not one SLR share for every 6.28 IGR shares as is currently being offered.
Isn't it amazing how things can change so dramatically in just two and a half months.
