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I just got a notice in the mail from the broker which states in part:

First Amsterdam Financial Services has announced an offer to purchase up to 15,000 shares of Reality Inocme Corporation ( ticker: O). The expiration date for this offer is September 28, 20001.

The terms of the offer are as follows. Participants will receive $21.15 cash per share, less any transfer fee charged by the transfer agent, a $60.00 administrative fee, and any distributions paid on or after August 3, 2001. ............

(deadline for the offer is September 25, 2001 and the fee for participating in the offer is quoted as $25.oo)

Okay, I don't get it. the stock is currently trading over $28.
Any comments would be appreciated. Thanks ~j
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