Correcting my figures:Taken from commsecWGO: Shares outstanding...

Correcting my figures:

Taken from commsec
WGO: Shares outstanding = 1.223B
STX: Shares outstanding = 2.038B
Combined STX:WGO Entity: Shares outstanding = 3.261B


If Gina owns 26% of WGO; she owns (.26*1.223b) = 318M shares.
If MIN owns 19.99% of WGO; they own (19.99*1.223b) = 244M shares.

Scenario 1:
If STX converts all WGO at 1:1
STX/WGO Entity Shares Outstanding = 3.261B

Gina = 9.75% STX ownership
MIN = 7,48% STX ownership

Scenario 2
STX converts 80% of WGO at 1:1
STX/WGO Entity Shares Outstanding = 3.016B

Gina = 10.5% STX Ownership
MIN = 8.01% STX Ownership

Scenario 3
STX converts 50% of WGO at 1:1
STX/WGO Entity Shares Outstanding = 2.650B

Gina = 12% STX Ownership
MIN = 9.2% STX Ownership


The more WGO holders who convert to STX, the more shares outstanding of the combined entity; the less of a % Gina, MIN, any WGO holder would get; however, the larger the company size. So you own less of the combined entity, but the combined entity is larger, so you don't lose out as a small holder, you simply lose power as a larger holder.

Hope this is correct, happy for an experienced poster to fact check my numbers/understanding.