RE:RE:RE:in for a trade1condor wrote: Not unusual at all to see the stock price initially stay below the take out price. It happens all the time. The share price..with time..will creep up to the take out price. Be patient you will get the 1.70.
Condor, your reasoning is very wrong! Since no money is exchanging hands, only a share swap, the value for Canexus shares is not a fixed price! Since the CUS shares are actually based on SPB share price, and SPB has dropped big time today, the conversion value as I type this is actually $1.63!
I pointed this out clearly in a previous post today. No money is actually changing hands, therefore it one believes that SPB's share price will drop, it is a no-brianer to sell your CUS shares today!
Sorry folks, but those of you who are still holding the Canexus bag are getting screwed over bigtime by the management of Canexus...
Kherson