Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: P.E. Allen who wrote (5044)	6/11/1998 3:52:00 PM
From: Boob	Read Replies (5) of 25711

OK PE, time for a little math lesson Merger is expected to be one share of Aviva Common Stock for 10 shares of Garnet Common Stock. OK so easy to understand this...for every 10 shares you own you will get 1...reverse merger...keep reading... Aviva Common Stock is traded on the London Stock Exchange under the symbol ''AVP'' and closed yesterday at 14 pence or $0.2366. OK now let's do some math here....AVP trades for 0.2366...for every 10 shares of GARN (at 0.035 now) you will get 1 share AVP for 0.2366. So basically you are paying 35cents to get 23cents....sounds like a good deal eh? LOL...plus, you gotta sell it in London england...keep reading Aviva's Depositary Receipts (which represent five shares of Aviva Common Stock) are traded on the American Stock Exchange (symbol AVV). OK present bid of AVV is .81....this represents 5 shares of common...so divide .8125 by 5.... = /0.16 equivalent per share....now for every 10 shares of GARN at .035 now you will get 1 share of Avivaa common which is worth 0.16 in the US...so basically you are paying 35 cents to get 16cents. WHAT A DEAL!!!!!!!!!!!!!!! NOT BOOB

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