RE: Received a call.
Hey Laroplex...
Not in the Lock Up Gang yet?
If you choose, you must tender your shares three business days before the September 12, 2011 deadline...tendering three business days before will ensure that your instructions will be duly processed...thus the difference in the deadline date.
I believe the calls are being made for a number of reasons...they get paid for the process but primarily in an attempt to get to 90%. There is no doubt in my mind that they have already reached the 67% threshold...an announcement might be made early next week stating that between the Lock Up Gang and the tendered shares they have surpassed the 67% threshold.
I myself will tender to the offer early next week.
The "thing" you must be careful with if you decide not to tender your shares especially for an investor as yourself whom is holding 500,000 shares is the liquidity factor. Once Trelawney gets their 67% but falls short of the 90% threshold they will procede to get to full ownership by due process through the legal system and provide "fair" value to the dissident shareholders. The "fair" value has been established and approved by both parties through various independent professional consultants which in the end means that dissidents cannot expect more than what is already on the table. We did have a chance before Mason resigned and the Board of Augen was not "on board"...that opportunity is now gone...it is what it is!
The dissidents will be left trading the available shares under the GLD symbol until the process is complete. Yes...they will trade according to the .0862 ratio but will do so under a much reduced liquidity factor which will be established after the tender offer is closed. In otherwords, the dissidents will be left with the "leftover" float which will restrict the available shares for trading significantly. If you can live with that, so be it...However, in the end it will all be for not...once the deadline passes you will not get the TRR shares until the process is complete...this may take two to three months to complete...until then you will be "stuck" and can only trade under GLD and be subject to much reduced liquidity...I believe only traders will be interested playing this game...they will play the Trelawney affect and trade accordingly. Something to think about...to be sure!
Regards,
Digger144