SEY an easy way to double your money.

Something very odd going on here.

According to my calculations it should have been 34p plus .3 of a sterling share for the additional cash option.
Instead its 15.38p plus 2.01 shares.
How do they calculate that!

The £10mm raised was to be split amongst those who elected partial cash or additional cash.

According to the last SEY release:
7.7mm went for partial cash
27.4mm went for additional cash.

Thats 35mm shares each getting 10p. £3.5mm. (1 share)
The balance £6.9mm is spread between 27.4 mm shares. Thats 25p each (2.3 shares @11p)
leaving a balance of 0.2 sey shares or thereabouts.

According to my calculations thats only £5mm in cash distributed. (at the time of the announcement 89% had accepted). So where did the other £5mm go?


In respect of the ex Westmount shares, what did SEY elect to take: shares or cash?.
Looks like there is some last minute switching from shares to cash to me. By whom?. Looks like Harry decided that he'd like to keep some of the £10mm he raised.

Anyone shed any light on this????