go short SF-long GBTS at current levals. do a dollar for dollar amount-do your own DD. when a firm trys to get a fee for non-performance it is very sad.
Martin,How is that trade working out? You're gonna lose your shirt short SF.
trade working very well. might cover the short SF today. that will reduce the cost(in my head) of GBTS to around 4 bucks. the 10400 GBTS became about 6968 shares of HMPR. HMPR at 8.71=5.8357.
HMPR exchange .67 shares for one GBTS share. 10400 GBTS=6656 HMPR shares at 9.50=$63232. about 45m for GBTS shares=a paper profit of $18232. A paper loss of about $885 bucks on 1m short SF...will keep this position on till year end.
short SF-Lonf GBTS-an even dollar amount---