GREY:TWNNF - Post by User
Comment by
letsgetreadyon May 07, 2012 5:11pm
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Post# 19881766
RE: IMG shares tied up NOT 13.3%
RE: IMG shares tied up NOT 13.3% The IMG share agreement with TRR's board and management shows they hold around 13.6 million options..of these only 6.0 million are in the money and would be exercised at the $3.30 offer price..7.6 million are out of the money and have an exercise price of $4.50 or above.
I can't get to how IMG has tied up 13.3 of the current outstanding shares..unless they have tied up a significant shareholder with about 12 million shares..for only $3.30?