comparing sp ratios bow and vpe

Just comparing the Sp ratios between BOW & VPE. (If this is anything to go by)

If BOW was still trading at 60c today & we use the best case scenario of SP ratios of 1.34x which were the SP ratios between the 2 shares from the 2nd of January 09 .

Then VPE should be trading around 45c.

Worst case ratio, if BOW was still trading today at 60c and we use the worst ratio of 2.06x, which is based on the ratios from the 6th March.

Then VPE would be trading at 29c.

BOW IS NOW TRADING AT 79c.

Does anyone think that VPE will be playing catch up soon?