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Pendrell (PCOA) – Reverse Split and Odd Lot Cash Out – 3% or $5,000 Upside
Current Price – $669
Odd Lot Cash Out – $689
Upside – 3% or $5,000 for odd lots
Expiration Date – TBD
China New Borun (BORN) – Going Private – 30% upside
PENDRELL (PCO) – GOING PRIVATE – $31 upside for odd-lots
Current Price – $6.43
Potential Recovery – $6.73
Upside – $31 for odd-lots
Expiration Date – 30th of November 2017
TCP International (TCPIF) – Going Private – 23% upside
ZAIS Group (ZAIS) – Going Private – 23% upside
Current Price – $3.25
Acquisition Price – $4.00
Upside – 23%
Expiration Date – TBD
This is a microcap arbitrage opportunity that was suggested by one of the members (thank you Ivan). CEO is willing to take this failed SPAC private at 23% premium to current share price.
Paybox (PBOX) – Reverse Stock Split – 50% upside – Cancelled
Current Price –$0.55
Offer Price - $0.8
Upside – 50% ($250 for holders of less than 1000 shares)
Expiration Date - TBD
Ieg Holdings (IEGH) – Reverse Stock Split – 19% upside
Current Price –$0.48;
Expected pay-off – $0.57;
Upside – 19%;
Expiration Date - October 17, 2016
Surrey Bancorp (SRYB) – Going Private Transaction – $225 return for record holders
Current Price – $12;
Offer Price – $12.75 (for record holders of up to 299 shares);
Upside – $225 or 6% (for record holders holders of up 299 shares);
Expiration date – TBD (shareholder meeting date not yet set);
Champion Industries (CHMP) – Going Private Transaction – $20 upside
Current Price – $0.2;
Offer Price – $0.3 (for holders of up to 199 shares);
Upside – $20 (for holders of up 199 shares);
Expiration date – TBD (shareholder meeting to be held on 21st of March);
Deer Valley Corp (DVLY) – Going Private Transaction – $40 upside
Current Price – $0.57;
Offer Price – $0.73 (for holders of up to 249 shares);
Upside – $40 (for holders of up 249 shares);
Expiration date – TBD (expected by the end of Feb);
China Housing & Land Development – Going Private Transaction – 28% upside
Current Price – $2.34;
Offer Price – $3 (for holders of up to 50000 shares);
Upside – 28% (for holders of up 50000 shares);
Expiration date – TBD (shareholder voting date still to be scheduled);
Kansas City Life Insurance (KCLI) – Going Private Transaction – $1130 upside
Current Price – $47.94
Offer Price – $52.5 (for holders of up to 249 shares)
Upside – 9.5% or $1130 (for holders of up 249 shares)
Expiration date – TBD (shareholder vote is scheduled for 15th of December 2015)
Cimetrix Inc (CMXX)- Going Private Transaction – $199 upside
Current Price – $0.14
Offer Price – $0.15 (for holders of less than 20,000 shares)
Upside – 7% or $199 for holders of 19,999 shares
Expiration date – TBD
Trading Strategy:
Buy 19999 shares of CMXX and wait for the reverse-split
Summary:
To accomplish the reduction in the number of record holders of the Common Stock, the Company will effect a reverse stock split of its outstanding Common Stock, whereby each 20,000 shares of Common Stock outstanding as of the effective date of
Monarch Cement (MCEM) – Going Private Transaction – $599 potential
Current Price – $29.00
Offer Price – $30.00 (for holders of less than 600 shares)
Upside – 3.5% or $599 for holders of 599 shares
Expiration date – 5th Dec 2014 shareholder meeting to decide whether to proceed with the proposed transaction
Trading Strategy:
Buy 599 shares of MCEM and wait for reverse-split after the shareholder meeting (4th December 2014)
Summary:
The Board of Directors has authorized amendments to the Company’s Articles of Incorporation that would effect a 1-for-600 Reverse Stock