OTCPK:JENGQ - Post by User
Post by
pierrelebelon Sep 25, 2020 9:59am
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Post# 31619551
Arbitrage?
Arbitrage?
Next week, owners of 1000 common shares will receive 30.3 new common shares
owners of 1000 preferred shares will received 333.87 new common shares
One would expect the preferred shares to trade for 10 or 11 times the price of the common shares.
Yet they trade at 4 to 5 times only.
What am I missing?