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232 Posts.
26
12/08/10
13:21
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skyrocketer
you spend $10,000 on SSN @ $0.061 to buy 163934 shares
cmc spends $10,000 on SSNo @ $0.051 to buy 196078 shares
cmc convert and spends $0.015 / share for total $2941.17
You sell for $0.09 for total $14754.10
cmc sells for $0.09 for total $17647.06, less $2941.17 = $14705.88
you profit $4754.10 = 46.54%
cmc profit $4705.88 = 47.06%
Unless for some strange reason, cmc sells SSNO for $0.08 instead of convert , then $0.08 * 196078 = $15686.27, or 56.86% profit
do the maths correctly :-)
Cheers
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