re: Ann: Amendment of Initial Distribution an... Shock for holders (and hedge funds)
Entry at $1.23 today.
Will get back $1.16 in a few weeks.
$0.07 residual position could potentially be lost, however there is good upside:
- Potential $0.11 bonus if refinance occurs (hedge funds were certainly banking on this)
- A further $0.13 in the future once tax issues are resolved.
Good risk / reward play.
Was prepared to enter into this up to $1.24 with a 3:1 potential return.
re: Ann: Amendment of Initial Distribution an... Shock for...
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