Is there still a window for arbitrage here?
Continuing the discussion from CDCH - Discussion:
How does this 5x percentage of AMC figure into any arbitrage consideration? Is this only important before full conversion/distribution of MDMN into AUMC? If so, it seems that the current 0.00558 ratio is not in line with the current trading price AUMC. [(0.558 X 1.30 X 5)/100] = 0.0363 or is it simply .00558 X 1.30 = 0.0073 that MDMN should be trading at? Whichever guideline one may try to use it does not seem MDMN is close to what had been considered early on. Arbitrage is not being looked at by many here, IMO.
(added edit) simple math arrives at present value of MDMN shares as 0.00728 based on 2,882,282,073 total shares OS and 24.848% equity interest in the 65M shares of AUMC and an AUMC price of 1.30. This does not take into account the 11,650,000 shares of AMNP and 29,150,000 shares of CDCH described in the latest June 30 Quarterly Report. Will AUMC go up with significant news, at least until all shares become unrestricted?