I purchased 1,600 shares of stock yesterday in a company that is planning to go private. This stock, for the Special Situations Real Money Port, cost me a total of $3,702.95. I used the new funds I added to this account recently to help fund the purchase of these shares. In just a week, the vote will be held for this going private transaction. Hopefully, all will go well.
By the way, I also mentioned yesterday that Major Automotive Companies shareholders approved their going private transaction. In a few weeks, I should be getting cash for this transaction. There’s been a lot of activity this week in the Special Situations Real Money Port, but I guess that is to be expected after the lull in activity over the past few weeks.
If you are curious in finding out what I just purchased, you can find out in Contributor’s Corner. If you are patient, I’ll tell you all about this transaction next week when this deal is completed.