$PetMed Express (PETS.US)$And board says that party needs to double the offer to overcome the right. Good for shareholders. If you want buy before next Friday.
Note you do not need to buy 1000 X share. If is very common preferred share traded in 1/1000 about 25 dollar. However typically you will pay 50 to 100 to broker to exercise the right (together)
However, I will not exercise the right. 27 for quarterly paying 1 dollar sounds good but they just don’t have the money to do that. I’ll just sell both right and shares if they open to exercise. The right actually means trashing old shares but replace with preferred. But… Need to pay 27 for that. I am not going to do that…
insider bought 85k shares from retirement account. Btw Twitter took poison pill but still sold to Elon Musk. But I really doubt. This business was one of a kind of early winner in E-commerce, but I don’t see much edge. Unless other pet business want them badly…
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ColdJoke OP : I do not get the right… might sell all before earnings
ColdJoke OP : lol forgot to sell…