RE:RE:RE:RE:Victoria Gold Adopts Shareholder Rights PlanGreatdaysahead wrote: A real issue if you do not have the cash as you will be diluted. I guess one option is to sell 50% of your position to buy twice the number of shares sold. You will end up with 150% your itinial position versus 200% if you have the cash.
But such poison pills are usually in place to "prevent" an hostile takevoer, to discourage... More than to fight it after the bidder reaches the 20% limit.
And the message is clear for everyone now : 2021 is going to be a busy year !
Just wondering, if I sell half my shares to get the cash to take advantage of the Rights Plan, can I purchase the equavalent number of shares before I sell or the same number of shares I have after the sale.
If it is the latter I will end up with the same number of shares with some cash left over. You be better off selling 33% of your holdings and then you can buy 66% of your original holdings leaving you with 133% of your original holdings.
Another question, where does the company get the shares to sell back to us shareholders?