Author Topic: STDY - SteadyMed Ltd  (Read 2578 times)

Foreign Tuffett

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Re: STDY - SteadyMed Ltd
« Reply #10 on: August 23, 2018, 10:21:45 AM »
Still time to jump on this train before the transaction closes next month. If nothing else, this is a high max upside ($2.63 per share CVR) vs low max downside ($0.24 per share at the current $4.70 STDY price) type of opportunity.

I won't pretend to be an expert on the treatment of pulmonary arterial hypertension (PAH), but with most of United Therapeutics' PAH drugs going off patent this year or next, it should be quite incentivized to transition patients to Trevyent. Trevyent purports to be a superior PAH medication delivery system.

Time arbitrage, illiquidity arbitrage, NPVs, probability of receiving the CVR -- these are the types of issues at play here.


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Re: STDY - SteadyMed Ltd
« Reply #11 on: September 10, 2018, 06:31:26 AM »
Deal closed 8/31/2018. Did anyone receive cash in their account? I haven't in IB. Wondering why it takes so long.


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Re: STDY - SteadyMed Ltd
« Reply #12 on: September 10, 2018, 06:50:31 AM »
I have not either. Also have IB.


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Re: STDY - SteadyMed Ltd
« Reply #13 on: September 10, 2018, 08:30:03 AM »
israeli mergers usually take (a lot) longer, foreign holders need to complete an additional tax certificate to avoid local withholding tax, per ib the related paperwork will appear in the corporate actions tool..... hopefully in the near future.....


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Re: STDY - SteadyMed Ltd
« Reply #14 on: October 11, 2018, 09:25:29 AM »
I completed the paperwork for STDY about two weeks ago. Bit of a hassle but nothing too complicated. Received my (tax-free) merger consideration today. Cost basis for the CVR: ~$0.06 (flipped a few shares opportunistically). Valuation at time of delisting: $0.26. We'll see how things turn out. Price paid wasn't too bad but there was a bit of an opportunity cost in holding the shares for ~5 months.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.