Basically, if you own less than 100 shares, the company will buy them from you for $20/share at the end of June. Now of course nothing is ever risk free, but considering JAKK has plenty of cash on hand to self finance this offer, this is about as close as it gets.
I was able to buy 198 (99 in each of 2 accounts) shares at an average price of 18.145 for a cash outlay of $3,593 + $14 in commissions = $3,607.
At the end of June assuming all goes as planned I will receive $3,960 or a return of $353. That is a touch over a 10% return in about a month, or an annualized gain of ~120%.
Small dollars, but big percentages… and who doesn’t like free money?