So I asked the president of FM about the drop in sp today on the conference call.

His answer is likely right on. He suggests that the stock is being manipulated by arbitrage traders so there is a spread between the FR share price and the implyed OK price.

Today OK closed at $2.39 and FR closed at $20.02. OK shareholders will get 0.1202 of a share of FR. Based on todays price that implies a value of $2.41 for OK shares.

This is only a spread of $.02 as of today's close but the spread has consistently been about $.05 for the most of the last 2 days.

The suggestion was that the FR price will recover once the deal is completed and will continue to rise with the expected rise in the price of silver, with producion increases over the next 4 years and when the new PEA is completed in 6 months.

Any comments?

SN