Ambac Financial Group Inc (AMBC)

[jamesnames]

You must not be able to read.

I laid out the options and I included every possibility. The question is WHEN exactly is the EFFECTIVE date. Is that tomorrow, Wednesday, or a day in the future?

What a shame that you didn't read what I wrote. Just because they plan on getting most of the money shuffling done on or before May 1st (Wednesday), there is a lot to be done. This could trade all the way through Wednesday or even longer if all of the ducks aren't lined up.

If you know so much then please tell us when exactly this will stop trading. I simply made the point that until this is finalized the ABKFQ shares will continue to trade.

You cannot guarantee that this will not trade Thursday, so I don't see your point. Somebody had to take on tens of millions of shares today, and they will be unloaded higher tomorrow, Wednesday, or Thursday or beyond. Otherwise, all of those tends of millions of shares taken today by the market maker are worth zero, You are talking a potential 500K loss on that, so my guess is that the market maker unloads those shares to someone else.

Your guess is that he bought those shares today and takes a 100 percent loss tomorrow. I doubt it. We'll see.