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Yongye International, Inc. Message Board

  • iq180plus iq180plus Feb 12, 2013 6:39 PM Flag

    Kingfrogcash: Why wouldm't their be more short coverig when there is a $6.60 offer from

    a repretible whose parties are the same one's who took HRBN private, not to mention MS who after liking the company enogh to put 50 million dollars into it, now want to be part of taking the company private. For all intensive purposes fraud is out the window for this company, and yet the sellling continues and the stock sits at 5.40, when common sense sugests the official bid will come any week.

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    • there is a 21% discount to the offer. When the committee accepts the definitive offer, it will still be a 5% discount. SSRX is still 3.6% discount after the board accepted, HOGS is at a 5% discount after the board accepted. This is Arbitrage. The risk that the deal will fail. YONG has higher risk. Traders know it's a holiday week, so they can trade elsewhere then come back to YONG. I pointed out the Short interest to assist with the risk evaluation. If Short interest went up and substantially, traders may want to be on the sideline. But the Short interest is going down, good for risk takers.

 
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