Portee, again, AR is not, nor anybody else, giving us $ 1.08. This was the value at the time of the " merger " announcement. What they are giving is 0.1042 of AR shares. If, for arguements sake the AR SP on conversion date is $ 9.00, you will have received $ 0.937 for your PDG share. Yes, maybe with some future potential and faster than a PDG mine, but we do not get $ 1.08/sh in our account when PDG shares are converted !