No way in hell ge's group willling to pay $2.75/share when the stock price was $2 at the time of the announcement if they didn't know the shares were already worth MUCH more than $2.75/share. How much more? We don't know yet, and they are restricted!!! So, the trading will be based on the current Outstanding shares of around 40 million.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.