I have stumbled across an investment fund that announced a share buyback at around 0.63 cent per share. However, the fund is currently trading at 0.48 cents a share. They are yet to publish the full buyback documentation.
My question is, isn't this technically a ~25% risk free investment assuming I am able to sell my shares in the buyback process?
The number of shares they plan to absorb pretty big, around 40 to 60 times the daily trading volume of the ticker in the local stock market.
(I know the price range looks fishy; the fund is safe and well known here)
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