One thing is for sure, we can't be bought out or converted at a lesser ratio than whatever the share price is at the time of the deal. But we all know that and expect the committee to go even higher than what the SP is. Some articles suggest we could be converted at the original offer and that's not true if the SP is now higher.
4.30 like I said two days ago and what SA said today. But now I doubt that's high enough. The volume was just too much on this upswing today. I'll change my prediction to 5. The original offer has now been surpassed so that's OUT.
He is saying 4.25 would be fair. I predicted yesterday 4.30 using the same logic he explains. The key point is Calls C shares are not worth what A and B shares are. We lose our voting rights with C's. It would be unfair to take our shares and convert them to a lesser class.