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Politics : High Tolerance Plasticity
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To: CpsOmis who wrote (4796)5/21/2001 2:06:37 PM
From: kodiak_bull  Read Replies (1) of 23153
 
Cosmo,

In re SMOP:

As the wise man once said, "In theory there's no difference between theory and practice. In practice, there is."

If you could ascertain how many PEX shares you would receive and you could borrow them and sell them at today's price, you could lock in the additional spread.

Pex has so far only traded 25,000 shares today; any short selling in size might have an effect. There's no guarantee you could locate the shares either.

But if you could and you were willing to take the deal risk, then it's a guaranteed gain. And, you could go out to the market and buy more SMOP to continue the play, if you could be certain of PEX shares worth $5+ per SMOP share you buy for $4.74.
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