Banca I.F.I.S Spa BNCIF

Conversion to flinders

[madmushroom]

Anyone knows when our shares of NRT will be converted to Flinders?

S.

[goofenoff]

madmushroom, from Sep 2nd NR: "The Arrangement may be terminated by either party if closing has not occurred byDecember 31, 2014, or such later date as the parties mutually agree. Big North will hold a shareholder meeting to consider and approve the Arrangement no later than December 15, 2014. The terms of the Arrangement will be described in further detail in the Management

[MakeMeMoney]

Who cares anymore... share change has change from 1.2 to .9. I'm out. I don't see this turning into anything. Lost some money on comission. Can make more elsewhere.

[LBERARD]

Share exchange is 1 share of Flinders for every 9 shares of Big North. Not 1.2 to .9

[TKingadvisor]

Arbitrage play here is huge. 0.05 * 9 = 45 cents per FDR. Risk vs Reward is very attractive at this level. Anything below 0.06 will give you an edge  Risk of bottom out at 0.035 - 0.04 if acquisitions fell through (20% chance) Reward of 0.07 -0.075 if acquisitions happen (80% chance)