Q: Before the split, an old PHM share was worth ~31 cents and post split (1 new PHM @ 21 cents and 1/10 VMD @ 30 cents - 1 share currently $3.00) that share is now worth ~51 cents. Is my math correct in that the shares basically increased by 20 cents or 64.5% post split? if yes, can you explain why such a big increase. Thanks
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Investment Q&A
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Q: When companies are spun out as VMD was from PHM it takes several days for the changes to appear in a trading account (Neither PHM nor VMD appear in my account, just a "placeholder"(?)). In a situation like this can we typically trade our shares even though they do not appear in the account?
Royal Circle has a "more than one hour" wait at the moment.
(You list the name as Viamed but others list as Viemed).
Royal Circle has a "more than one hour" wait at the moment.
(You list the name as Viamed but others list as Viemed).
Q: PHM finally split yesterday. Should I keep both, PHM & spin off Viamed. Thanks!
As a result of the Arrangement, among other things, shareholders of PHM (the "Shareholders"), as of close of business on December 21, 2017, received one new PHM common share (a "New PHM Share") and one-tenth (1/10) of one common share of Viemed (a "Viemed Share") for each common share of PHM held by such Shareholder immediately before the completion of the Arrangement.
As a result of the Arrangement, among other things, shareholders of PHM (the "Shareholders"), as of close of business on December 21, 2017, received one new PHM common share (a "New PHM Share") and one-tenth (1/10) of one common share of Viemed (a "Viemed Share") for each common share of PHM held by such Shareholder immediately before the completion of the Arrangement.