Just my opinion, but something smells bad about this. There's oodles of cash now, in general, looking for investments (the proliferation of these "blank check SPACs is Exhibit A). Crazy ideas are getting funds sight unseen. Now, Archer investors, the early ones, have made money on spec based on this announced UAL purchase that makes zero economic sense (+1 to Dan Thomas). United might change their mind tomorrow with no impact to them, depending on the terms of the offer. I hope the SEC is taking a good look at this. I am NOT saying securitiy manipulation is going on, only that this is what it might look like.