• oneotherfool
    $MNK recovered from 10% dip to 2.5% now. AT the same time $MNK was down to $75.50. Now it's back to $80.
    4/7/14
    Reply (12)
    • oneotherfool: I had a bid for $MNK at $75.65 as soon as $MNK hit 10%, missed it by like 15 cents...oh well....watching this is kind of fun.
      4/7/14
    • oneotherfool: Again, $MNK was at this price with much higher risk on the table...Def. doesn't make sense to sell under $80.
      4/7/14
    • oneotherfool: The formula to keep in mind is $MNK SP=0.89*$MNK SP + $30.
      4/7/14
    • seekingthetrooth: Actually no...the formula is $MNK=($QCORSP-30)/0.897 given $MNK will fully consolidate $MNK...not the other way round.
      4/7/14
    • oneotherfool: That does not change the math: y=ax+b is equivalent to x=(y-b)/a...you can put it in anyway you want depending on what you're solving for.
      4/7/14
    • oneotherfool: If your point is that $MNK's price should be calculated out of $MNK's price (the given being $QCOR;s SP)...I disagree. If that were true,
      4/7/14
    • oneotherfool: the MNK's share price would have declined today to (67.87-30)/0.897=~$42 and $MNK would have not moved. Hence why I disagree with you.
      4/7/14
    • oneotherfool: Furthermore, deal was valued at 5.6B based on MNK's closing price on Friday of $62.52. Do the math, you'll come up with why $MNK was valued
      4/7/14
    • oneotherfool: at $96 this morning...& y the deal would be $5.6B. Sorry didn't mean to go on&on, but had to drive it home. Didn't wanna say "you're wrong."
      4/7/14
    • oneotherfool: *$86 (not $96).
      4/7/14
    • seekingthetrooth: sorry just read your post. agree with you.
      5/23/14
    • oneotherfool: Cheers!
      5/23/14