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Alias Born | 08/16/2005 |
Monday, July 24, 2006 3:02:02 PM
If Bloomberg shows that Lyamec Group (NOT Lyamec Corporation) has made a tender offer to buy 22.5 million shares of Grifco at $2.25 per share, as well as disclose the fact that Lyamec already has an arbitrage position, I must then intelligently deduce that Lyamec's arbitrage position must actually be the remaining balance of Grifco's total number of shares that is both issued and outstanding. You see, 39.68 million shares, which I deduce from their CTBG dividend PRs, minus that 22.5 million shares shown by Bloomberg gives 17.18 million shares that must be held in arbitrage by Lyamec Group.
O' and another thing: I have never claimed to have all of the answers, but I do try to intelligently guess at many of them, given the fact that I have so very little information to make anything more than an intelligent guess. Could my pet theory be just that -- theory? Certainly! But it's NOT so far away from impossible! Why would Bloomberg disclose something that so many would find ludicrous to believe? Again, I don't even pretend to know the intricacies of how these notifications do work, but it would seem strange to me that Bloomberg would go and put out any false or misleading information.
Been_Burned_Before
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