Post by
navgod on Apr 25, 2018 4:07am
Exchange Offer undersubscribed
The exchange offer to FTN was approximately 70% subscribed even though the offer was complete gift especially to existing holders of SIN. For those of us who had to go out and buy SIN in the market, it was still a 10% return for a 2-week hold. As to the debate on the merits of FTN who cares, you do the exchange and sell. I think FTN is/was overpriced so I shorted some into the offer and will now sell my remaining exposure for a nice $30,000+ profit.
GLTA