I put this together a while ago if anyone is interested.. it's basically just using Blue Pacific's figures to evaluate a number of different exchange ratios. Still not sure where I sit on the fence yet.. maybe both as a hedge.
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
0
Estimated Value of Firm
$125.00
1
2
PXPUA Price
$11.00
3
SRS 20-day VWAP
$0.024
4
5
Number Ords Outstanding
665.00
6
7
PXPUA
Exchange Ratio
SRS Shares Issued
Total Shares on Issue
% Ownership of PXPUA Holders
Value of Firm Attributable to PXPUA Holders
Value per PXPUA Unit
8
250
657
1,322
50.00%
$62.50
$23.80
9
500
1,313
1,978
66.00%
$82.50
$31.42
10
1000
2,626
3,291
80.00%
$100.00
$38.08
11
1250
3,283
3,948
83.00%
$103.75
$39.51
12
1500
3,940
4,605
86.00%
$107.50
$40.94
13
SRS
Exchange Ratio
SRS Shares Issued
Total Shares on Issue
% Ownership of SRS Ords Holders
Value of Firm Attributable to SRS Holders
Value per SRS Share
14
250
657
1,322
50.00%
$62.50
$0.0940
15
500
1,313
1,978
34.00%
$42.50
$0.0639
16
1000
2,626
3,291
20.00%
$25.00
$0.0376
17
1250
3,283
3,948
17.00%
$21.25
$0.0320
18
1500
3,940
4,605
14.00%
$17.50
$0.0263
SRS Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
