Post by
invest234 on Jul 28, 2022 11:11am
arbitrage opportunity
gcm is currently trading 20 cents discount to aris.
either the people buying aris have not heard of the merger news, or they can't do math, or they think the merger won't go through.
the merger is good for both parties, cash saving of $28 mil per yr (div cut + $10mil g&a), bigger more diversified with good management. i don't see how merger would not go through. gcm, goldx voters usually vote 99% yes like willing sheep.
i think the reason is they can't do math.
Comment by
invest234 on Jul 28, 2022 11:40am
or they can't understand the news release. 1 share of aris converts to 0.5 share of gcm, or 2 shares of aris converts into 1 share of gcm. just double the aris share price to get what gcm price should be. the 44% aris shares owned by gcm do not matter. they will be cancelled.
Comment by
likeike on Jul 28, 2022 6:16pm
Maybe we should get a song to get the ball rolling How about Stonk Wars or We Like the Stock. Just the right thing to get everyones attention Begins at 21 second mark IKE https://youtu.be/YdI8k1B1spI