Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: xcr600 who wrote (5270)	12/22/1998 9:14:00 PM
From: RockyBalboa	Read Replies (2) of 18998

there are roughly 10 Million shares MALL outstanding and Mall owns 80% of uBID (9.2 M shares). So 100 share MALL represent 72 or 73 shares ubid. IMO the price difference between those two is ridiculous, all a question of supply and demand. uBID totally decoupled from mall recent days, before that (uBID IPO till 16-Dec) MALL traded a 0.50 delta (mall price change per ubid price change). MALL priced on uBID with a 28% discount for tax reasons and some MALL value... was roughly $80 (ie $72 + $8). If there is a tax-free distribution to MALL shareholders in 1999 then it is even more. See Tom Hua's and also my elaborates late Nov on MALL thread C.

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