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The conversion rate is 1:1. If you want to see it with your own eyes go to, and click on investor relations in the "about" section and you can read the sec filings which explicitly explains the 1:1 conversion.
Its a 1:1 conversion and the only way to get shares of NBCi right now is by buying XMCM. So make sure you get a good holding before the conversion. I imagine we should see a nice gain. XMCM is already severely discounted compared Yahoo and Lycos.
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