bizaro86 Posted February 7, 2019 Share Posted February 7, 2019 Pershing Gold is getting taken over by USAS. 0.715 USAS for every PGLC. I was able to get in at about a 4% spread over the last little bit. Not a big deal or anything, but maybe a nice short term arb for those who are interested in that sort of thing. CFIUS is pending, delayed by the shut-down of the govt. I can't see why they'd have any objection to this. USAS has had a borrow cost of ~5% or so, so check that with your broker before you jump in. Link to comment Share on other sites More sharing options...
IanBezek Posted February 7, 2019 Share Posted February 7, 2019 I'm amazed this found a buyer. Was another classic Phillip Frost/Barry Honig associated stock promotion years ago. With the SEC charges and his OPK blowing up, I'm surprised people still are willing to touch this. Then again, USAS bought Drumlummon - a totally worthless mine that they wrote off almost immediately - so at least they are consistent. Enjoy the arb, but definitely get out of the USAS stock as soon as you receive it. Link to comment Share on other sites More sharing options...
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