I am illustrating from the uncles angle... even if you take 10 lots (surely this is not too much bah), you are talking about a thousand dollars difference, not forgetting missing out on the clean up distribution from both sides....
of course if you have a lot of spare cash, you would be waiting and queuing at $1.20 every day like the black market uncles and even brokers, to wait for people to throw to them.... because these people, after minusing the cash consideration of $1.1949 and brokerages fees, will still stand to gain at least 2 cents of clean up distribution... so it you talking about a million shares.. that’s $20k for about a month work... so you understand why every day, there’s more than 100 million shares queuing to buy at $1.20.
