Quote Originally Posted by 777 View Post
You will have exactly the same number of MEL as MELCA on the 30/4/15 but the MELCA won't become MEL until you pay the 50c instalment. Your second paragraph is total rubbish. The first theoretical trading price on the market will simply be 50c higher than the last MELCA share.
Your first sentence is rubbish. You do not have MEL until the extra $0.50 is paid and you can't pay that until 5th?? May at the earliest. You have MELCA until then. You don't have the same number of MELCA and MEL, ever.