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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by nowoolinison Aug 31, 2012 9:01pm
192 Views
Post# 20286769

RE: RE: RE: RE: How to solve the crisis

RE: RE: RE: RE: How to solve the crisis

Yellow Media can exchange each Preferred A share for $25 (the redemption price) +
.796875 of accrued but unpaid dividends divided by ($2 or the current stock price, whichever is greater) = 25.796875 / 2 = 12.9 common shares
.

This not correct. the pospectus states " Units or New Tradable Securities ". In the recap they are creating new tradable securities so each pref A share holder should receive 12.9 new tradable securities, not the

6.25000 New Common Shares and 3.57143 Warrants that is being offered. That or 12.9 common shares along with the voting rights associated.

Bullboard Posts