I trust my question has been discussed, but I cannot quickly find any threads on point. Would one of the more regular posters please give me a quick explanation of their understanding why the LINCO share premium over LINE pps disappeared and what caused the situation where LINE shares now reflect a price premium over LNCO? TIA for your input. Lex
Yes it has been discussed in prior threads and best guess, it's BRY shareholders that got LNCO via the merger unloading and depressing LNCO. If that's the reason, hopefully that pressure will eventually die away and LNCO will return to its historic premium or a least parity. Trying to take advantage of that possibility, switched my LINE to LNCO at $1.06 discount, a couple of days ago.