OTCPK:GBGPF - Post by User
Comment by
korpfuon Jan 26, 2018 1:08pm
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Post# 27442051
RE:RE:RE:RE:LOAD UP ON CMED TRAIN BEFORE ITS TOO LATE
RE:RE:RE:RE:LOAD UP ON CMED TRAIN BEFORE ITS TOO LATESmellsFishy wrote: Ok i see you don't have a degree in finance. Buy 1000 shares of CMED at 38.89 for $38890. Sell short 3400 shares of ACB at 13.45$ For 45730$
Deal closes and I get 3400 shares of ACB for my 1000 shares of CMED. I close out my short with the 3400 shares of ACB received.
So so my purchase of 38890$ of CMED earned me 45730$ from ACB
This is called arbitrage.
OK I see you cant read....I said if the conversion price was less than 11.38.....didnt say ACB would drop to that