GREY:HRIVF - Post by User
Post by
prouditalianon Aug 11, 2009 8:51am
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Post# 16208379
They will likely halt trading
They will likely halt tradingI am guessing that they will halt trading before he open and they will announce how many shares were tendered. They will also announce that Severstal is calling in the loan, and that upon approval of the TSX they will issue themselves shares at or below .30. They may also do some BS like announce the halt of production in their mines, who the f*** knows.
I have a feeling though, that a new dilution will not be approved unless the fund and minorities are included. Severstal at this point should just go friendly as their options are limited and buyers are there unlike a few months ago. Any dips will be bought big. Will they continue playing like scoundrels or do they go proper? My guess is once a thief always a thief. We shall see. I am not selling and have bids in there below .30.