Hi WoS ... do you or does anyone else recall there was a very...

Hi WoS ... do you or does anyone else recall there was a very old discussion around nasdaq where someone brought to light what is the likely number of shares that BNYM will be expected to take up to supply / feed the N ?

I mean there is a difference between them extracting say 20m shares to provide N with (at 30:1) 666,666 shares. I almost cannot believe that there would be so few shares available on the N. Then again, who am I so judge that ?

Would be nice to think that they might want to supply around 10,000,000 on the big N to start with. If so, that would be around 30,000,000 PRR shares. On the other hand 30m PRR shares is just under one third of the available shares which seems to be impossible unless BNYM would be happy to allow the PRR SP to be driven up substantially.

I'm not saying that it's likely by the way.

I'm playing with some speculative number just to see how it looks.

It could well be that 10m shares (PBMD) is way more than will be circulated on the N. Perhaps 1m is more realistic.

You can see my point.

Does anyone have any thoughts about how we could get a handle on this (prior to it actually happening) ?

Cheers, ITW