Let me clarify;
When I said or implied that because the first tender failed, I might be tempted to untender my shares if I could, what I meant or should have stated is that the reason I might want to do so would be for the shorter term only so that I could at least sell some of them in the open market to generate some funds to use in other segments in the market which have been hit of late for hopefully a short term gain.
If the deal had gone through, I would have got the funds to do this right away or pretty soon anyways.
However, now I may have to wait as long as Jan. 21 for the deal to go through if it goes through at all meaning my money is tied up.
Theoretically, if I was able to untender the shares, sell some of them and invest successfully in areas of the market for the short term, then I could sell the stocks I purchased and buy back the Ocata shares and tender them again if I so chose or even not tender them.
Obviously there are at least two risks here:
1) If I was able to tender the shares right now, sell them and buy other stocks in the market, the new stocks could go down.
2) Also, if I tendered and sold them, there is always the chance a new higher bid could come through, meaning I would be shut out of the new price for the shares I sold.
If #1 and #2 came true, then well in retrospect, it would have been a pretty bad decision. lol
Hope that helps
ps I don't use margin if you have that in mind as any kind of a compromise.
On the other hand, I could always by some January or February 7 1/2 calls to protect my vacated position assuming the premium was tiny.
