brg5658, posted: Is that all CT members get? PS guys, when this challenge is not answered I'm going to post a World Coin GTG in that forum. I'll let you know. World coins are only hard to grade because they are not familiar and the standards are a little different across the pond BUT if you play, you'll be surprised at how good you are. EDIT: I will have someone else image the entire coin.
@Insider or anyone else...this is the only ICG world coin I've recently owned (now sold). I thought the grade was acceptable (and I liked the coin-that is why I bought it).
Back on topic, I'm a stock market dolt, but I don't understand how it's trading at 76.38 when the deal is for 75.25.
There are a couple of different outcomes that could affect the price: 1. If there is some chance for negotiation, the market might be gambling that the final price might be higher. Someone might have a counteroffer (so, in this scenario, the initial announcement was $75, but negotiations between concerned parties might end up with $80). 2. If there is a chance for some other group to make a competing offer at a higher price. This is the idea of a bidding war - Nat Turner and gang offered $75, but Nat King Cole might offer $85. Both of these are relatively unlikely, especially for this sale, but there's a chance.
I guess it's the "definitive agreement" part in the posted article that confuses me. It sounds like a done deal. Shareholders are supposedly getting "a premium of approximately 30% over the Company’s 60-day volume-weighted average price" at $75.25, but if you're buying at $76.38, what are you hoping for?
I guess the gamble paid off - investors upped it to $92/share and the stock price jumped 18% on January 20. The previous "definitive agreement" wasn't so definitive. https://www.fool.com/investing/2021/01/20/why-collectors-universe-stock-soared-18-today/