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Bullboard - Stock Discussion Forum Eacom Timber Corporation ETRFF

GREY:ETRFF - Post Discussion

Eacom Timber Corporation > EACOM EXTENSION
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Post by THE-DIDS on May 23, 2013 2:23pm

EACOM EXTENSION

I just got my  notice of extention   till June 14th/ 2013   Advice needed   hold my shares or sell at  $.38 to Kelso
Comment by stockking99 on May 23, 2013 3:39pm
This is what I will do. I am not going to render my shares because if a counter offer comes in I would like the liberty to sell them to another party if the offer is higher. If I sell them now to Kelso I cannot revoke them unless legally I am authorized to do so.  With the over 140 million shares outstanding my shares will not make a huge difference.  If the ...more  
Comment by sthgal on May 28, 2013 1:47pm
I'm with you stockking99. Why extension ?...because investors are not flocking to tender their shares. Institutions are still holding.. See here: https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=etr-v&country=CA
Comment by birdcage335 on May 28, 2013 7:12pm
Thank you for that advice.  I am going to hang onto my shares as well and see what transpires.  I checked with my broker and they did confirm that if Kelso's offer goes thru they will automatically be tendered anyway.  If not I don't really care as I only have 100 shares that I paid $15.80 per share several years ago and they are in my RRSP so I can't even claim a loss!
Comment by woodwise on May 29, 2013 9:47am
You must be confused on what shares you have. Eacom has never been anywhere near that price. Highest it's been is around a dollar. 100 shares right now is worth $38.00
Comment by bobzuruncle on Jun 14, 2013 4:03pm
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