Math question...stock conversion

Discussion in 'Trading' started by forsalenyc, Jun 2, 2011.

  1. so I ended up holding 700 shares of MEE overnight position......just found out it gets converted to 1.025 shares of ANR plus $10 in cash. ANR closing price was $53.40 and MEE closing price was $65.14. So this morning, I should have 717.50 shares of ANR at 53.40 plus $7000 in cash. is this right?
  2. emg


    trading is math. without advanced math skill, traders lose. I am 99.99% sure u will lose.

    More than 90% of small traders lose. They just lose!!!

    Ask your parent. they know the answer.
  3. you cant have half a share (.5)
  4. KPS21


    You'll end up with 717 ANR shares, $7000 in cash, and some extra cash in lieu of the 0.5 share.
  5. milib


    Have your broker exchanged your shares yet?
    My broker just exchanged them to ANR shares and no money there!
    I am suffering 25% loss right now because of that!