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Wednesday 13 May 2015

MRCB-WA

Based on the annoucement for mrcb-wa...the conversion ratio is 1 to 1 and exercise price is 2.30

Exercise price is 2.30 and mother only 1.32 hence the premium is -50%

However we know that mother is super under value now and later on will be goreng up since MRCB is the main GLC company, it will move the wa together up.

Some correction on the calculations:
1.155 is from formula (current mother $ + conversion) - (current mother $)

guided from a team mate.