"Actually, only that 1.1MM$ (non-FT shares) is at a premium. The rest, when you take into consideration the tax benefits that come with the shares, are about at par at the current share price. Hence why we trade in the low .50's.

Just like NOT. The $1.25 FT shares of NOT had an after-tax equivalent value of around .85, which is exactly where NOT shares dropped to, and then some."

I get that. But since I'm not a sellor at this time, actual SP does not bother me so much.

My non-FT participation is made out of free-tax money from an RRSP account, so my 'after-tax' cost base will be in the range of 0,40 $ or so, if my perception of the tax-math is correct...

Chips are now placed on this bet, just bring the good news !

GLTA.

BaBe.