I'm an MTU holder but not a VOC holder (yet). Got the scheme of arrangement papers in the mail yesterday. 1.625 VOC for each MTU to be effected next month. I looked at the recent trading. Price conversion is heading towards 1.625 ratio (reflecting the greater certainty that it will happen?) but there is still a 5% difference in favour of buying MTU and having them converted to VOC. Prices will surely move around in that time with current volatility so no guarantee of a profit, but there seems to be a 5% factor of safety in entering VOC this way or pulling off a small trade. Unless I have misunderstood something???
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I'm an MTU holder but not a VOC holder (yet). Got the scheme of...
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