LogFAQs > #959879268

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Topic	Stock Topic 34
red sox 777 11/10/21 5:51:05 PM #191:	So it looks like MILE is being acquired by Lemonade for $500 million. That explains why the stock was up yesterday while the warrants were down 40%. The purchase price is below the exercise price of the warrants. Well, with that, it looks like the time has come to close out my MILE position. I think at this point the tax deduction I'll get from realizing the loss is probably worth more than my shares and warrants. I still think they have a really cool business idea that could go places, but it looks like management doesn't think so. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:959879268] in Stock Topi... [t:79729468]...</cite> <quote>So it looks like MILE is being acquired by Lemonade for $500 million. That explains why the stock was up yesterday while the warrants were down 40%. The purchase price is below the exercise price of the warrants. Well, with that, it looks like the time has come to close out my MILE position. I think at this point the tax deduction I'll get from realizing the loss is probably worth more than my shares and warrants. I still think they have a really cool business idea that could go places, but it looks like management doesn't think so. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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