BOT - Anything but charting, page-740

There are all sorts of questions on HC. Get yourself a one dollar coin and place it in your open left palm. Imagine someone standing in front of you who says I want that coin and I will give you one dollar and one cent for it.

What do you do?

If your answer is there are no one cent pieces any more, you get a masters degree certificate from the Uni of Belarus.

But if you said, I have four more one dollar coins that you can have and if you give me five dollars and a five cent piece, then my friend you will get a PHD in clear thinking from Melbourne University.

The rest of this exercise you could do on an excel spreadsheet factoring how many one dollar coins - aka, also known as a figurative shares you own matched by how much the dude is going to want your coins for.

Do we win or lose from this?

If the answer you give me is What if a takeover offer comes in at one cent below the one dollar, then you get a double degree in lateral thinking from DeBono University in New York, founded by Edward DeBono.

If you automatically think we win from a takeover offer that surpasses our share price by one cent, then you know that that is nearly correct.

How so.

Well if you bought a share on a previous day when and if it reached one dollar and two cents but the takeover offer is for one dollar and one cent, you lose.

We all know that phase two will result in a share price of over this one dollar coin, but if this were to occur, I would like to ve the irony.