Buy shares of the TRIO Merger Corporation, because the ratio of reward to risk is better than 2.5x (35% up and 13% down). Or, if you are willing to take more risk, buy the binary style 2016 warrant (TMRGW) and invest 90c to make $3.00 (+233.3% up, $2.10 net). The warrants go to zero in the event of an unfavorable shareholder vote (explained below), but they have traded up in recent weeks in expectation of a successful outcome. After the deal is completed, warrant holders will have the opportunity to exchange warrants for stock at a ratio of 10 warrants per share.
TRIO went public in June of 2011 solely for the purpose of gathering cash to acquire a business,...
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