T4P wroteWhen buying CVI shares, you are buying Pensador...

T4P wrote
When buying CVI shares, you are buying Pensador shares...the higher the CVI shares rise, the more valuable they become via the lower diluted entry into Pensador.
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Well, that is reasonable and logical. You would think that's the way it would work but according to their ASX release there appears a different relationship.

The release reads:
The terms of the clawback will ultimately be based on respective independant valuations immediately prior to the exercise of the clawback option.

So that suggests something other than shareprice at the time.
Why would we need independant valuatiions? What is really being valued?

So much I don't understand!!!