Re: Possible arbitrage on OSTK
Thanks Evren.My only negative to this move would be if Patrick decided to sell a large percentage to an investor/activist like he spoke of.That would not be an actual sell of the e-commerce side rather a large infusion of cash.If this were to play out like above do you see the preferred closing the gap as to the common?I agree fully with your move if it happens to be a complete sell or merger with a value put on the transaction.
Am I wrong in my thinking? Thanks Roll