Taking it to the streets. Stockhouse.com: Taking it to the street
reply post non-threaded view
TC tMeds
 

At present valuations  tMEDS could be the best way to take a position in TCM and get paid while you wait.

 

 tMEDS, which are exchange-listed under the symbol TC-T. Currently trading at $16.44, the debt portion of the units is currently yielding nearly 10 percent (quarterly interest payments are 40.625 cents). The units are then convertible into TC stock at settlement in May 2015 (though holders can convert earlier). Should TC trade below $4.64 per share, tMEDS holders receive 5.3879 shares of TC stock. Between $4.64 and $5.45, tMEDS holders receive $25 worth of stock (the original offering price). Beyond $5.45, tMEDS holders receive a fixed sum of 4.5855 shares for each unit they own.

With TC common stock at $2.89, the stock component of the tMEDS alone is worth $15.57. The holder will also receive $3.65 in interest (nine quarterly payments remaining at $0.40625 each), putting the total value of a tMEDS unit right now at about $19.22.

 
 
reply post non-threaded view
add to favorites
 
 
 
 
Today's Feature  
 
Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is a mineral exploration company focused on the discovery, exploration and development of PGM and nickel-copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. The River Valley Project is one of North America's most advanced primary PGM deposits...