PINL:VLTAF - Post by User
Comment by
ALLEN4on Nov 06, 2013 9:49pm
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Post# 21883414
RE:maybe this will be a liquidity trap until
RE:maybe this will be a liquidity trap untilLooks like I may be here all alone at last talking to myself. Anyway, it seems there is some potential for making a few cents between now and January. Take today's closing price for Volta. We are down and BTO is up. That seems irrational to me, as when the deal closes the formula remains - each Volta share is worth .15 of each BTO share. So based on BTO's closing price today, $2.52, Volta shares are worth 38 cents. So whoever got shares on closing for less than that (36 and a half cents) made 2 and a half cents per share, assuming the deal closes. Unless you think there is some slightly less chance for the deal to close today than there was yesterday, this is just the market being irrational. Anyone wanting BTO shares, who is prepared to hold at least until January would have got a better deal buying VTR at the end of the day today. Someone tell me if I am missing something.