RE: ARBS There is no depth for arbs today. I mentioned in an earlier post that we might not see much volume in trading as most investors are tendering to BEP.
But. looking at the bid depth, I see 2.25 is not being defended anymore. So, BEP might be almost there in closing this. Also, they are cleaning out the ask side and keeping the ask very thin all the way to 2.60.
Looks like BEP has got all the bases covered here !!
I have already tendered my 100k+ shares that I accumulated at an ACB of 2.39 and now waiting for my money in the next couple of weeks.
I also see that once this tender is completed, stock price will drift lower towards the $2.00 range. Just a heads up to all you "loyal, fighting to the end" investors out there.
Bakken, I saw PSN and it sure is looking ugly out there.. poor shareholders, their "dreams" have been shattered for good !!