RE: RE: RE: Hypothetical Question I don't think that is how it works. The rights will trade on their own like warrants i imagine. That is lets say someone offers you .02 cents a right then he is effectively paying .12 cents to be guaranteed the privilege of exercising that right at 3.50. he has to exercise the right through MPV.
What I read is that after all is said and done and the final numbers are tabulated, that is the rights executed and the privilege of buying additional the additional rights on a prorated basis are counted and there are still some rights that have not been executed left over, Botin has guarenteed to purchase them all at $3.50. That is why they are not going to be purchasing any rights trading on the open market. They are getting paid $750.000 dollars as a finders fee for providing the guarantee. Effectively no matter what happens this means the offering is filled. MPV has the 46,000,000 in the bag.