Bluegreen Vacations (BXG) is a timeshare developer in a curious situation - its majority owner pulled a bid for the minority of the company due to a since resolved lawsuit, but the shares trade well below the previous offer. Timeshares draw their own questions, and the market has been more volatile since the bid was pulled. We discuss the idea and what that could mean for shareholders and special situations investors going forward.Topics covered: 5:00 minute mark - Overview of the busted merger arbitrage story.8:45 - The timeshare industry and the underlying ups and downs therein16:30 - Working down the income statement20:00 - Breaking the Bass Pro Shops lawsuit down23:00 - Manhattan club, time shares in NYC31:30 - How does sales operation of a time share work?33:30 - Time share business model and why does BBX Capital need to pay a big premium?