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Market mechanics and a witnessed inefficiency.
Looks like Line investors may be selling line to buy lnco which drives demand and ask price. If this continues technically we could see divergence in stock price which will not bode well for line holders? Is this possible?
Anything's possible, but I really doubt it. Maybe Rip Van Winkle is switching, now but there's been lots of opportunity for those who wanted to switch to do so.