GREY:OLEPF - Post by User
Post by
tony1969on Jul 29, 2013 7:01pm
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Post# 21637705
OLE closed at $.35 in Canada. TGZ closed at $.60. There is only....
OLE closed at $.35 in Canada. TGZ closed at $.60. There is only.... a one penny difference in the coversion rate of .60 share of TGZ for every OLE. This means that either TGZ is oversold, OLE is over bought or that a deal is very likely. The spread tightened a lot today. I do not think anything is imminent but I do believe that TGZ will eventually have an agreement with Bendon sometime this summer. I believe the Bendon suit is purly a negotiation ploy that is intended to get them a better deal than public OLE. All just my opinion.