Buyouts, Takeovers, Mergers in Banking sector to continue.
The WAVAP [Dividend Equalization Preferred shares, no par value] show 97 million shares issued and outstanding at March 31, 2005 [w/ 98% owned by WB].
Sould/when any WB take-over happens the WAVAP shares 'NO PAR' value will have intrinsic value based on the value of the WB common shares [currently @ $3.33-1/3 par value].
The trading speculation now is based on the 'Intrinsic factor' so the recent high volume in conjunction with the upcoming trading days is what could move WAVAP.
Based on the % movement in relation to the shares in the float WAVAP really could explode 10,000% from Friday's close.
This afternoons price range and trading action will paint a clearer picture.
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.