Post by
ursusbrumae on Dec 02, 2017 12:38am
Nice Arb
Fracking in Germany: what could possibly go wrong? This was a weird liquidation arb. It traded down to 7 cents on volume just before the record date, and then they paid out 8.2 cents three weeks later. Not bad annualised. Still, delisted and reporting for a while but no longer, this defunct symbol is haunting accounts like a ghost. So can we get that last ha'penny or two, or are all the lawyers and accountants going to sit around drinking cognac and smoking cigars?