Short Position & My Suspicious MindSome interesting Facts:
1. Friday is options day and while it is convenient for some to have this day as the last day of trading for WRM, it usually means trading at or near lows for the month, especially when followed by Comex one week later. (Or, is it always this way?)
2. Seems to me we are closing at pretty damn close to the exact prices as when the deal first was announced.
3. Is there not some vehicle whereby disgruntled shareholders have a right to make a case that they should receive more $ for shares, regardless of % tendered?
If so, then company taking over wrm or friends of,ie broker handling deal may have to ensure G is bulletproof for any suits coming their way.
4. Alternatively hedge funds could be playing this one by shorting the shares and picking up the wrts, getting about 90% leverage to future upticks. As price goes down, ie now, they will cover their shorts on shares and retain warrants til a premium and profit are built in.
Does anyone out there have any ideas on this?