Global Sources Limited (NASDAQ:
GSOL)
If you want to
make hundred dollars on a ~$400 investment in 2 months almost risk free, read
further.
Tender offers
usually provide an odd lot provision, which is a priority to buyback less than
100 shares in any shareholders account. The company Global Sources Limited
didn't specify this in the SEC filings or in the buyback offer announcement.
But, I believe they had something like this as they had done a similar transaction
(buy back) in 2010, where they considered 50 shares ownership as an Odd lot.
So, the
opportunity is to buy 50 shares of Global Sources Limited (NASDAQ: GSOL), and
ask your broker to tender all the shares in the management share buyback @
$10/share. Currently the shares are trading at @ $8.00, you pocket the
difference between (10-8)*50, less brokerage costs. Tender offer completes at
the end of May 2014.
You can even
do this in multiple brokerage accounts to leverage this idea to enhance your
returns on your total invested capital. Here is the announcement of this
tender offer.
https://www.sec.gov/Archives/edgar/data/1110650/000095016214000015/ex99_1.htm
Feel free to
send this to anyone who may like to benefit from this idea. Let me know if you
have any questions.
Disclosure: I
own shares of Global Sources Limited.
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