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Renegade,

A wise man once told me never to engage with a man short a few cards of a full deck, because there is no benefit to either.

Normally I don't respond to m_r_ns, but I will make an exception in your case, as you obviously are in need of help with your maths;

Ticker Assumed Cap Ownership Net Cap by Ticker No of Shares Per Share
IBR IBR $2,000,000,000.00 14% $280,000,000.00 17,000,000 $16.47

TMR IBR $2,000,000,000.00 86% $1,720,000,000.00 104,428,571 $16.47
TMR $1,000,000,000.00 100% $1,000,000,000.00 $1.11 Factor
$2,720,000,000.00 900,000,000 $3.02 5.45

Ticker Assumed Cap Ownership Net Cap by Ticker No of Shares Per Share
IBR IBR $1,000,000,000.00 14% $140,000,000.00 17,000,000 $8.24

TMR IBR $1,000,000,000.00 86% $860,000,000.00 104,428,571 $8.24
TMR $1,000,000,000.00 100% $1,000,000,000.00 $1.11 Factor
$1,860,000,000.00 900,000,000 $2.07 3.98


If the data does not show up ok yu can copy and paste it into either a spread sheet or word document.

If all that fails - here is the simple version (Renegade are you paying attention?).

IBR Value $2Bill and TMR $1Bill, then Ratio is 5.45
IBR Value $1Bill and TMR $1Bill, then Ratio is 3.98


Cheers,
IHS