Metalink (OTCQB:MTLK) ceased it’s last business operations in March 2015. After ceasing the last operations, the company announced that they were looking for strategic alternatives including a voluntary liquidation of the company.
A couple of days ago, more than a year later, the company finally announced that the liquidation of the company is approved by the board. Net cash to be distributed to shareholders is anticipated to be between 1.30 and 1.50 USD.
I believe that this voluntary liquidation provides an unique arbitrage opportunity as it is likely that:
- the liquidation will be approved by shareholders
- the cash distribution will be at the high end of the provided range
- the liquidation process will progress smoothly
It is likely that…
Read the full article at: http://seekingalpha.com/article/3985301-metalink-profitable-liquidation-play