Absolutely. It’s an all or nothing trade. Risk = 100%. Reward = unknown (but potentially huge).
This would be trading very differently if a buyout was a certainty. But like yesterday when I wasn’t seeing anybody buying this deal, today we saw good volume, iotw lots of buying. The 2 recent up days had great volume. All the down days in between had low volume.
My thinking is that, if Aeon is in for $110, and interested in acquiring/controlling Boxed, (business or IP) they can easily pony up $42 to get rid of BR, then it’s only a matter of making an acceptable offer with acceptable terms. At that point, the $42 is only a 10% premium to the $400 offer that was turned down. So Boxed should see the 400 as a lifeline and Aeon still sees the total package. But again, with no info, we can only guess.
If you're not living on the edge, your taking up too much space.
