Q: Just a bit of math Gear is trading at .48 cents possibly due to Tax loss....does it make sense to buy it and hold it for a few months and receive .60 cents ????
that would be a 25% gain
I appreciate your advice,
Many thanks
that would be a 25% gain
I appreciate your advice,
Many thanks
5i Research Answer:
Note there is a cap to the amount of cash in this deal, and GXE shareholders are not likely to get 60.7 cents. They will get some cash and shares in the new company. We do not think it is so attractive for new buyers currently.