Post by
stampeder2 on Feb 11, 2013 11:34pm
just wondering
What would prevent me from buying at $2.36 and then tendering my shares a few days later at $2.60? Has someone already asked that?
Comment by
modgil on Feb 11, 2013 11:38pm
Good luck with buying at 2.36 tomorrow. I am thinking this might trade at a 5 cent difference from the offer price of 2.60 starting tomorrow. Stampede, You wish life was that easy. What you are looking at is called an arb play and yes, every trading entity out there knows about it.
Comment by
Probability on Feb 11, 2013 11:39pm
nothing and that is why Jeff and them need to act