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To rockraider3: Nevermind; I just read your response to brianthego. Now I get it - thanks. I shoul have sold at 14.50; this thing could go back to 10.
Theoretically, the share price of MFN is now tied to the PAAS stock price. A share of MFN should track to 62.35% of a share of PAAS. PAAS is $21.50 x .6235 = $13.41. MFN is about $13.51 right now. So it's pretty close. Arbitraguers would be tracking this variance and trading it. Too much work for most investors to skim a dime here or there.