If a) a marketable volume is minimum $500
b) nominal value of Cowan shares at time of spinoff is 0.9 cents / $0.009
[not theoretical future ASX listing ]
c) conversion rate is 1 Cowan per 11.1 Tawana
Then 500 x 11.1 / 0.009 = 616,667
ie do you need to have 616,667 Tawana shares to get any Cowan?
TAW Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
