Based on today's closing price of MEIP and NRT (in AUS), I think a fair valuation of NVGN is $11.
Each NVGN is worth 4.28 MEIP (based on 6 MEIP for 35 NRT exchange) plus whatever NRT is worth after divesting MEIP.
a) At MEIP @ $2 (today's closing) MEIP portion is 4.28 * $2 = 8.56
b) At NRT 0.10 AUS - the remaining portion is worth $2.5
Total of a and b is $11.
Sorry to burst your bubble ,but NVGn owns no shares of MEIP.. You,ve been Punked
Well, you have been waiting to by NVGN at $1 for sometime right? Keep waiting.
Okay, understood....but once MEIP shares are split off, won't NVGN drop $8.56?
I guess MEIP shares have now been split off?
EMM!! ok !