Stlamc - I agree with your interpretation of the 2 for 5...

Stlamc - I agree with your interpretation of the 2 for 5 allocation. It should not affect the total value we all hold and better that they are worth 1 cent each than 0.4 cents. (I wonder how they value negative goodwill in Talon's total assets.)

At last night's close the market was valuing our future holdings in Talon to be worth 1 cent for every TXN share we own. i.e. the SEA component is worth 43 cents (=0.86/2) and the rest is Talon. From memory, that is about as high as it has been. According to my simple maths, if we were to get a 1 for 1 allocation, right now the Talon shares would be worth a cent on paper, but if we get a 2 for 5 allocation they should be worth 2.5 cents.