GREY:MAAFF - Post by User
Comment by
zeekayon Aug 23, 2011 10:57am
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Post# 18970610
RE: RE: RE: News
RE: RE: RE: NewsI was waiting for something like this. A bit more creative than I thought. For those that said Evergreen was not going to try and screw the minority over, this is a classic example of how to do it. Not only have the given themselves an additional 7% of the float, they are doing it at a great rate and a 20% discount for doing so. They also used a 5 day MA, not a 20 day MA to get the price at an additional
.035 less than they offered shareholders less than a month ago. Within minutes of the PR, one million shares were dumped after the open. Most likely picked up by a Chinese investor,willing to sell to evergreen in a private deal.