North Asia Investment Corp. (NHR)

[steeledge]

banks are starting to get investor dollars again, but you're right, there's more risk than usual to get this to pass. It could be why the warrants are so juicy.

the one thing your'e missing in your NHR warrant mention is that for each NHR warrant you own, you're getting 3 PFCF warrants at a 2.44 strike for each.

PFCF is currently at 3.25, which is right where the valuation of the deal is set, so a strike of 2.44 is about .80 in the money right now. multiply that by 3 and you get $2.40 worth of value for every .30 you pay for a warrant. hmmmmm

but you're right - these warrants are priced as if there's no way the deal is going thru. reminds me of TMI warrants at their low :-x