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My assumption when reading the quote was that it would be an off-market transaction. Similar to how stocks can be traded in Dark Pools outside of the regular s
by cj 4y ago
My assumption when reading the quote was that it would be an off-market transaction.
Similar to how stocks can be traded in Dark Pools outside of the regular stock market.
- hailwren 4y agoTheir point is that if you have the money to buy $1.1B of something off market, you should also have the money to buy $1.1B of something on market. Any time someone posts an ask at or below $22, you simply fill the order.
- rtpg 4y agobeyond the fact that the dynamics of saying "we'll take everything at a certain price up to $1.1B" will likely lead to much more than that showing up on the market and leading to a price crash anyways... I imagine that an off market transaction can involve things like not sending $1.1B in cash to the other person the same day.
- eru 4y agoIf you have enough assets, everything can show up, and you just buy them out.
- SantalBlush 4y agoIt's describing an arbitrage opportunity. If person A wants to buy something for $5.00, and person B will only sell for $1.00, I stand to make $4.00 per unit by simply being a middleman for the transaction. Private or public markets, the arbitrage opportunity remains the same.