Possibly. Alpha adds more unstability to the house of cards that will eventually fall. Based on the premise that no one will actually pay $24 per share for this, either the owner saves his own $50M ass and HRBN falls afterward or he falls with it. Eventually the first investors will tip toe out and then the last ones will be stuck up against locked fire doors. Ouch.
Though most of my puts are March I would like to see it fall before DEC 17 for the sake of my old ones.
HRBN: Know of any shareholders planning on going to this?
A special meeting of Harbin Electric shareholders (the "Special Meeting") to consider and vote upon, among other things, the proposal to adopt the merger agreement and approve the merger between Harbin Electric and Tech Full Electric will be held on Saturday, October 29, 2011 at 9:00 a.m. Eastern Time at the offices of Loeb & Loeb LLP, 345 Park Avenue, New York, NY 10154. Harbin Electric shareholders of record as of the close of business on September 13, 2011 will be entitled to vote at the Special Meeting.
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