Math question...stock conversion

[forsalenyc]

so I ended up holding 700 shares of MEE overnight position......just found out it gets converted to 1.025 shares of ANR plus $10 in cash. ANR closing price was $53.40 and MEE closing price was $65.14. So this morning, I should have 717.50 shares of ANR at 53.40 plus $7000 in cash. is this right?

 

[emg]

trading is math. without advanced math skill, traders lose. I am 99.99% sure u will lose.

More than 90% of small traders lose. They just lose!!!

Ask your parent. they know the answer.

 

[OTCkrak]

you cant have half a share (.5)

 

[KPS21]

You'll end up with 717 ANR shares, $7000 in cash, and some extra cash in lieu of the 0.5 share.

 

[milib]

Have your broker exchanged your shares yet?
My broker just exchanged them to ANR shares and no money there!
I am suffering 25% loss right now because of that!