GREY:TWNNF - Post by User
Comment by
letsgetreadyon Jul 11, 2011 9:41am
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Post# 18817107
RE: RE: TRR MAKES EXPECTED BID FOR AUGEN
RE: RE: TRR MAKES EXPECTED BID FOR AUGENyes..TRR will take GLD for a relatively low price (32 cents)..had management negotiated they would likley have got more..but GLD shareholders will get 0.066 TRR sahres which are moving up..so the value they get is moving up also..
TRR has got 42% locked up and many GLD shareholders are primarily TRR shareholders and will vote for the offer..looks like its almost a done deal..all GLD management can do is sweeten the offer a little..still GLD sahreholders will get to ride TRR up..TRR with the lock up have been very smart here.