I am doing a slightly different maths to you....not sure if I'm...

I am doing a slightly different maths to you....not sure if I'm wrong:

- BSE's current price is 26.5c, so based on the conversion of 0.026 BSE:UUUU, shareholders need 38.46 BSE shares for 1 UUUU share (approx).

- 38.46 BSE shares at the current price are worth $10.19 (AUD). But assuming this deal goes through, you would get 6.5c per share returned as a special dividend pre-conversion into UUUU.

- 38.46 * 0.065 = $2.49 dividend per every 38.46 BSE shares.

- So assuming the deal goes through, and the dividend gets paid out pre-conversion of BSE into UUUU, actual cost is $10.19 - $2.49 = $7.70 AUD.

- With the AUD/USD conversion, $7.70AUD is $5.14USD.

- UUUU current price is $6.86USD......so there's a 33.46% discount to the current market price.

- I also assume that once the special dividend is paid, BSE will trend down by the same amount of the dividend - so perhaps (30.2c - 6.5c = 23.5c or approx), which would again make buying via the conversion about 12% cheaper.

This is all assumed based on the deal being successful, which is not guaranteed.

Please do your own research. This is not investment advice.