I guess I have a distrust of both the Indians and the Chinese in the way they do their business dealings. This deal seems to have leaked the whole way through allowing those "in the know" to exit at opportune times. I don't know if Benny Wu has 30c options which expire in just over 30 days, but for the rest of us we have to now take the gamble and either pay up the 30c, and grab 42c if the deal goes through, or if it doesn't go through, then accept say 10c per share which is probably where they will retreat to. I find the new dates, coinciding with the exercise date, disturbing. Holders now have to make a decision before the due diligence is announced. That is shonky on either the Indians part, or the Chinese. As I say I don't trust either of them as far as I could throw them, and perhaps the FIRB will tell them all to jump.
RCI Price at posting:
34.0¢ Sentiment: Sell Disclosure: Held