Jamok, sounds like you see more than I do in my account. I see my NOK, and the trades on 1/7 are listed as "voluntary - exchange offer" value 0.00. Looking at my recent confirmations where I can see each trade in detail, I see no transactions related to this. If I were basing it on what I'm seeing, I'd assume it's a straight exchange, except all our brokers told us it was a taxable event. If it is taxable, then I've no idea at what price, since nowhere in these transactions is any price shown at which ALU was taken or NOK was received.