PINL:VLTAF - Post by User
Comment by
ALLEN4on Nov 07, 2013 7:57am
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Post# 21883969
RE:RE:RE:maybe this will be a liquidity trap until
RE:RE:RE:maybe this will be a liquidity trap untilMrBigbet, I guess everyone has left the house, lol. But I think you are wrong about the maximum being 42 cents a share. When I read the press release I understand that we get .15 of the value of a BTO share. So if BTO were to go to $3.00, VTR shares would be worth 45 cents or if BTO shares were to go to $4.00, VTR shares would be worth 60 cents.
I agree that this is the end of the road for VTR and obviously we are becoming part of BTO, but I think for any potential buyer of BTO you need to consider on any given day whether your best entry point is via VTR shares or buying BTO directly. As stated, yesterday at closing you would have been better off buying the VTR shares. And I think there are going to be deals from time to time with the VTR shares simply because liquidity has dried up. But if you hang on to the VTR shares until closing in January you are still going to end up with .15 of a BTO share so there is no risk that I can see, assuming the deal goes through.