RE:Why ORX is an easy buy right nowI forgot to consider that American Eagle shares will be given to ORX shareholders in my calc. Assuming $1M worth are distributed evenly among all 222.51M ORX shares, each ORX share will receive ~0.45 cents in American Eagle shares.
This brings the hard downside limit up to $0.051/share ($11.4M of ORX value over 222.51M shares).