Ok, so maybe they just ran the proxy to do so and acquire the votes which they knew they would have anyway. Pushed it to the last minute but now they can assure AOIL raises cash and leases can be acquired...next bet is on the drilling plan ad to see that unfold in the near term would be a catalyst.
Immediate selling will be short selling and cover once shares are converted to AOIL. This usually takes a little while with brokers and it depends on each broker. Call them and you get a dumb answer about how it usually just happens...custmoer reps don't usually know much.
I'm thinking it will go in effect and get charged a corporate reorg fee in a few days. I do see AOIL dropping on some profit taking and then solidify at or about B/E or about .45 cents. I'd sell at .55 in a heart beat but do not think i can get the shares converted in time to beat the pack...I'll check with scottrade and fidelity, have Etrade as well.
Anyone else have info, feel free to provide, no single will get out alone, so don't be greedy.
good luck.
