Are you really finding it hard to understand that no one paid...

Are you really finding it hard to understand that no one paid more than 76.5c cum div/return and no one paid more than 26.5c ex-div/return?

A very simple check of a chart would give you this information. Do I really need to post a chart to show this very simple fact?

You said the engineer was "totally wrong" well actually he was 100% correct, everyone is ahead on this deal.

Now you are also trying to take words out of context regarding realised losses, this must be taken in consideration of a large dividend that had already been paid. It really isn't that hard to understand.

Every shareholder will receive more or has received more than they paid for their shares. Convoluted answer?

I don't know how I can make it any simpler.