GREY:AVGCF - Post by User
Comment by
littleguy21on Sep 18, 2010 10:37am
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Post# 17464287
RE: RE: Takeover ?
RE: RE: Takeover ?Under the Arrangement, Etruscan shareholders (other than Endeavour and its affiliates) received CDN
.26 in cash plus 0.0932 of an Endeavour share for each Etruscan share.
Ok non rationale. You think its a good deal? A small amount of cash and your shares reduced by fractions of a share of another company for the balance. This is the type of buyout you can expect if avr sold out to anyone.
The number of os is great so they will kill us on the split up of these shares and your shares you hold now will be reduced greatly. To put it simply you get a small profit if you owned long enough at a lower price than the buyout and you take the 10k shares you had and reduce it down to 1k and hope the company you have just been swoped into has a H of a gain to recoup your share power you had at the higher amount.
.10 up on 1000 shares is 100 bucks on 10000 its 1000 bucks which one do you want?
Now if its a all cash deal which i don't see very often on minning stocks then you can count your gain or loss right up front.
My rationale why i don't want to see avr sold out in the middle of the game. When its a growing company moving forward with some bumps i'm sure. I can only speak of what i've seen in the past not what is going to happen in the coming year.
Littleguy