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Old 10-15-2012, 02:45 PM
former230 former230 is offline
Driving around somewhere
Location: KC
Join Date: May 2003
Posts: 222
Mein Auto: nothing at the moment
Originally Posted by beewang View Post
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.


Ahh, makes perfect sense, that's the piece I overlooked. Thanks!
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