If this is such a slam dunk "sure thing"...
A. One would think that the more leveraged one was...the better since it is a "no lose" situation. Acting this way would be rational...not nutty
B. One would think the share price might be a tad higher given the value of the underlying asset.
I thought that article had a lot of parallels to KRY. Legal contract or not....we could turn our computer on one day and get punched in the face with a big "NO PERMIT" sign...and as we all know...KRY is a one trick pony.
As for myself....I'm WAY over my head and fully leveraged on 100% borrowed money. If the permit is a "sure thing"...I'm acting rationally...if there is still substantial risk involved I suppose that makes me a nut. Hopefully, in the final analysis, I'll be quite wealthy. And yes...I know what ride I hopped on at the amusement park.