GREY:STPJF - Post by User
Comment by
ShatnersRugon Dec 15, 2014 12:57pm
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Post# 23231588
RE:RE:RE:RE:RE:A VERY MERRY CHRISTMAS
RE:RE:RE:RE:RE:A VERY MERRY CHRISTMASThe idiot(or genius) who has a bid in at 0.04 cents for the debs would be lucky to get filled.
Let's assume that he can get 1000 at face value $100.
@ 3% that would normally pay $3000 come Dec 31.
If shares are issues instead, that's 300,000 shares at a penny.
If the guy turns around and sells the 300,000 shares the next day(at 0.005), he gets $1500.
Gross +$1100