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Post by dgbarnes on Apr 27, 2006 17:57:30 GMT -5
I have just recently been following the stock and do not hold any currently. I was thinking that this is kind of an arbitrage type of investment where there would be free money to still make.
If the stock sits at .0005 and it is going to .004 from a couple of post earlier today. Isn't this stock still a good buy?
Just a question, with penny stocks I am still a begginer. I just know that a merger or acquisition usually means that the price the company is bought for is going to be the selling price of the stock when it is completed. Am I wrong about this??
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Post by aquapurity on Apr 27, 2006 20:49:33 GMT -5
The deal is that JPHC shares are going to get traded for APOA, and the ratio will be determined as if JPHC was worth .005. So yes it's a good deal... however. Your new APOA shares will be restricted for two years. Most people bailed because they don't want they're money tied up. If you need a place to put your money away for two years this would be the place to put it, because, you're right, it will probably increase in value over time, plus you get the initial 10x value on your JPHC shares. The bottom line is that this stock tanked because one on single thing: "restricted."
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