ROIA can be converted 1-to-1 into ROIAK. When I posted, there was nearly 20k ROIA on the ask at $3.35, and the ROIAK bid was $3.38.
I would have held had there been a headline more to my liking:
"Tim Stabosz Takes Control of Scott's Liquid Gold"
"The Next Berkshire Hathaway?"
Whoa there, not so fast! I'm out of SLGD, but you're hardly rid of me yet!
You'll always have my attention even when I disagree with you.
Can't you just short what all the other kids (like me) are shorting? KKD? DNKN? Something like that?
Don't pick on me!
Why would anyone bid $3.43 for ROIAK when the ask is $3.42 in ROIA, which can be converted into ROIAK?
I've been playing "Carl says" (like the children's game "Simon says").
Carl says he's going to get debt-to-EBITDA below 2--just like Carl said the common would survive the bankruptcy filing.
Carl sold some just above $3. I believe in Carl more than Carl believes in Carl.
I still have some shares left just in case Carl (who sold some just above $3) pulls off a refinancing of some sort.
It's backwards again as I type this:
much ROIA on the ask at $3.48, and bidders at $3.49 in ROIAK
I would "solve" the problem if it wouldn't force me to file a form 13 for ROIA.
francisco (may I call you francisco?), just between you and me,
I think the bottom could be anywhere between 3 and 0; however, not having very good foresight,
I am bidding for a small quantity at $3.27