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Despite the several "Disagree" I got on this post, Elon just confirmed my hunch with a new twit. I like what's happening so far.
I think if the shareholders are allowed to stay in the private company, then this vote will certainly pass. The share could go higher than the proposed price. For example, I would be willing to buy more shares at $500 so I can get more private shares. This is a rare scenario in my investment life. I have never seen a situation like this. For most of the taking private situation, shareholders just take a quick profit and let it go.
That's great but I really do need more information. There's value to liquidity and going private loses a *lot* of liquidity. What liquidity guarantees do we get if we stay in?
I can certainly keep *some* of my shares in but I'm not sure about all of them.
Did you mean to post this on Twitter? He might answer it.
CyberDutchie
Active Member
I don’t like this at all, I want to exercise all my deep in the money options. They are now listed at $0 with big losses, someone enlighten me what is happening today... I don’t want to get out at $420, I planned to keep till $1000, probably many of the long term investers here as well...
I converted a bunch of shares into short term weeklies at ~400 strikes, just before trading halted. Phew.
are bulls excited or worried?
You know it is not standard to announce and then halt trading an hour later....
im nervous, not gonna lie
You know it is not standard to announce and then halt trading an hour later....
im nervous, not gonna lie
Causalien
Prime 8 ball Oracle
FirebirdAlpha
Banned
To those saying "I hope this kills the shorts!"
It won't... There will be a lot of people willing to sell us a share at $425.
Elon just capped short losses.
It won't... There will be a lot of people willing to sell us a share at $425.
Elon just capped short losses.
Causalien
Prime 8 ball Oracle
It is a lot easier for shorts to buy shares back at $420 than the unlimited price things could have ended up yet if we got to see Model 3 profits while TSLA were still public. Of course he can line up investors at this price.
Not sure what this means for my DITM options. I've got strike prices at $220 and $170. Can I exercise them to turn them into stock? Will they automatically get turned into stock anyway if Tesla goes private?
I've been on the other end of this before, like Robocop, and had deep OTM options that were instantly worthless when a company got bought on an agreed price well below those....I feel for you.
I've been on the other end of this before, like Robocop, and had deep OTM options that were instantly worthless when a company got bought on an agreed price well below those....I feel for you.
That's just because with trading halted, there are no bids/asks for them. The deal can't be done without a stockholder vote, you should have plenty of time to do something about them. Exercise and sell, one at a time if necessary. (note: I'm in the same boat. Did have a quiet panic there for a minute.)
DFibRL8R
Active Member
andrewt3000
Member
How will you liquidate your position if you keep the shares and it goes private? secondary market? just hold it forever and get the dividends? or they go public again a few years later?
The Blue Owl
Endangerous Herbivore
There's nothing Musk can do about it. The moment the deal goes through, the time value of all options goes to zero. The ITM options will be priced at their intrinsic value; OTM options are pure time value, so they go to zero.
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