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Also, deal was priced at about 10% discount to market, so it offered the investor a chance to make a quick 10% return, or so the investor thought.
Not really,We are investing pocket change in comparison. They would have to be complete idiots to invest 17 million and think they would make a quick 10% on the news that MELA was diluting the shares.I don't know that many idiots with 17 million dollars free to burn. Speaking of... Try and Google Adam B's name. Not exactly the track record of someone you'd want representing your company. You mentioned one sided information. Do you suggest Adam B. has both sides?
I am not talking about today, again, I am not the investor so I wouldn't know what s/he was thinking.But if MELA somehow recovers to $8, even on short term swing, this offers someone a quick chance to make 7%, and why not?