Based on EOD prices today, I did some analysis on what to do with my FWR shares on Dec. 1. I bought 250,000 FWR shares Aug 6 @ .27/ea. Today on the market they are worth .55/each.
So I can:
1. Hold FWR on the hope they hold this price. (nothing tangible to support that idea though).
2. I can sell FWR for a capital gain of 104% (before tax)
3. Or I can tender them to NOT for a gain of 112%.
|
|
Price
|
Qty
|
$ Value
|
pretax
|
Gain
|
|
6-Aug
|
fwr
|
0.27
|
250,000
|
$67,500.00
|
|
|
|
20-Nov
|
fwr
|
0.55
|
250,000
|
$137,500.00
|
$70,000.00
|
103.7%
|
|
20-Nov
|
not
|
2.29
|
62,500
|
$143,125.00
|
$75,625.00
|
112.0%
|
It becomes obvious to me what I should do. Sorry Mac, I would have liked to have seen you make this work, but I am in this for the money. Option 1 is not an option anymore. So it is #2 or #3. Option #3 maximizes my return, so if I tender my shares & then immediately sell the NOT shares, it is worth the most to me. And with a few more NR like yesterday, I may have to re-think that selling part.
(yes - I do own NOT as well)
ss
