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Old 10-15-2012, 03:33 PM
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beewang beewang is offline
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Location: Eugene, OREGON, Home to the Rose Bowl Champion
 
Join Date: Dec 2001
Posts: 7,690
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Mein Auto: S62 E39
Read the fine print dude..

$7.20 a share for 70% interest.

say the 70% interest translate to ===> 70% shares outstandinng (if that much)

$7.20 X 0.70 = $5.40

If you still don't understand this then you need to listen to me and stay AWAY from Risk Arb.

Cheers!!

beewang
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