Appreciate your insight.
Paul F.
The cost base on each is essentially zero. From the company directly:
(LMN): As a result, the Spin-Out Shares are expected to have a nominal fair market value of US$0.0001 per share at the time of the Dividend.
(TOI) With regards to the cost base, it is our assertion that the value of the business has been ascribed to the preferred shares and hence the value ascribed to the subordinated voting shares (“SVS”) is nominal (close to zero). The future growth of the business will result in the appreciation of the SVS. As described in the prospectus the preferred shares will get converted to SVS at which time the SVS will reflect the full value of the business. I’ve attached a copy of the bulletin from CDS which shows the cost at C$0.00015641/share.