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Can buy?
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VestedInterest
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06-Apr-2010 23:09
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Seems like a warrant for KS Energy, now that it is almost certain to be delisted. If one bought at $0.375, on delisting one will receive $0.23 in cash and 0.125 shares of KS Energy. Hence one is actually paying $0.145 for a 0.125 share of KS or 8X$0.145= $1.16 for 1 share of KS. Current price of KS is ard $1.30. Not sure if price will correct on listing of the new shares, though. Anybody any thoughts on this? |
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