well if the conversion rules are indeed as you say, then your...

well if the conversion rules are indeed as you say, then your analysis of the merits of TIMPB would appear to be correct.

There's a risk that TIM could fall below 50c, in which case the max 4 shares you get could be worth less than $2. But thats a substantial downside for TIM as well.

I am very wary of any eco-finance schemes given the government very curious action in relation to solar.