If I understand it correctly. ECU stock will be exchanged at a ratio of 20 ECU per 1 AUMN + about a millionth of a cent cash per share.

Is that correct?

If so why is this a good deal?

Example: ECU is currently trading @ .61, AUMN @ $12.46.

So, 100,000 shares of ECU is valued at $61,000 and the swapped-for 5000 shares of AUMN is valued at $63,050.

So far so good.

Assuming that whichever evil trader who is suppressing ECU stock stops and ECU rises to the top of it's recent trading range, say $1.20, those same 100,000 shares are then vauled at $120,000.

What am I missing, please?

PM is welcome: jjet@bigfoot.com

Thanks.