I don't understand your theory...
The buyer who pays SLR 1.585 today would receive 3.434 RED at 0.455, value 1.565, so a loss of 1.5%, what interest ?
Whereas just a few days ago, the conversion in the event of a successful merger offered a gain of 5-6% to SLR holders!
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I don't understand your theory... The buyer who pays SLR 1.585...
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