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Tandy Leather Factory Inc TLF

Tandy Leather Factory, Inc. is a specialty retailer of leather and leathercraft-related items. The Company's product line includes leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also offers production services to its business customers such as cutting (clicking) and splitting and some assembly. It distributes product under the Tandy Leather, Eco-Flo, Craftool, CraftoolPro and Dr. Jackson's brands, along with its premium TandyPro line of products. It operates a production facility in Fort Worth, Texas. The Company sells its products through Company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. The Company distributes its products through its approximately 101 North American stores located in 40 states in the United States and six Canadian provinces, and one store located in Spain.


NDAQ:TLF - Post by User

Bullboard Posts
Post by real16on Jun 23, 2009 2:23pm
563 Views
Post# 16092088

Pre - Tender Agriments

Pre - Tender AgrimentsHy  There,

From Telford Services (June 15, 2009

I am having trouble accepting this offer at  .10.

And then i see this in their offer...........

PRE-TENDER AGREEMENTS
The Offeror has entered into Lock-up Agreements pursuant to which certain Shareholders have agreed to tender pursuant to the Offer and not withdraw, except in certain circumstances, their Telford Shares beneficially owned by them, representing an aggregate of 11,768,778 Telford Shares or approximately 59.2% of the issued and outstanding Telford Shares.
The obligations of the Tendering Shareholders under the Lock-up Agreements may be terminated at the election of the Tendering Shareholder if: (i) the Offer having been made, the Offeror has not, for any reason, taken up and paid for the Telford Shares owned by the Tendering Shareholder under the Offer by the 60th day following the date of the Offer; or (ii) the Offeror has breached or failed to perform any of its covenants or agreements in the Pre-Tender Agreements in any material respect or any of the representations and warranties of the Offeror set forth in such agreements are not true and correct in any material respect; or (iii) in the event the Pre-Acquisition Agreement is terminated pursuant to its terms. The obligations of the Offeror under the Lock-up Agreements shall terminate if: (i) the Tendering Shareholder has breached or failed to perform and satisfy any of its covenants or agreements therein contained in a material respect or any of the representations or warranties of the Tendering Shareholder contained in the Lock-up Agreement is not true and correct in a material respect; or (ii) the Pre Acquisition Agreement is terminated pursuant to its terms.
As of the date hereof, the directors and officers of Telford hold, or over which control or direction is exercised, in the aggregate, 11,768,778 Telford Shares representing 59.2% of the outstanding Telford Shares.



Is it possible that they keep the agreement while they go in the other company ?

I think they try to skare me if i dont give my Shares .

 Keep in mind what i show you down.....

Financial Highlights (All data for latest 12 months)
Sales 20.57 Mil   Revenue/Share 1.03
Income 0.20 Mil   Earnings/Share 0.01
Net Profit Margin 1.00%   Book Value/Share 0.58
Return on Equity 1.70%   Dividend Rate 0.00
Debt/Equity Ratio 0.52   Payout Ratio 0.00%
How about that ???......and they took real good salaries during many years.

Book value of .58 +revenu of 1.03 a shares......

And they offer  .10 per share.



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