Aug. 08, 2011
http://ca.finance.yahoo.com/q?s=BAC-WTA
http://ca.finance.yahoo.com/q?s=BAC-WTB
BAC: shares: 10B. Tangible book value: $12.9 at June. 2011
1. BAC WS A: Current price below $3.
150m shares(1.5%), Strike price $13.30. Expire: Jan 16, 2019. Strike price will be adjusted when dividend > 0.01. When auctioned at Mar 3, 2010, it has a minimum bid of $7 and final auctioned price is $8.35. Chou bought at least 4.2m share for over $7.5/share.
2. BAC.WS.B: Current price $0.7.
Strike price will be adjusted when dividend > 0.32.
121.8m shares(1.2%), Strike price $30.79. Expire: Oct. 28, 2018. When auctioned at Mar 3, 2010, it has a minimum bid of $1.5. And final auctioned price is $2.35.
