GREY:TBTEF - Post by User
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HCI_STEELon Jun 27, 2016 11:43am
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Post# 25001289
RE:A clever strategy... unveiled.
RE:A clever strategy... unveiled.menoalittle wrote:
In five easy steps: 1)Offer a ridiculously low price for the debs of only 14 cents on the dollar. 2)Discreetly buy up (through multiple accounts, none of which will aggregate over 9.9% of the outstanding) as many debs as possible for under 25 (or maybe 30) cents on the dollar over the next month. 3) Contact and make a deal with several major deb holders to accept and vote yes to a last minute revised buy out price of 25 (or maybe 30) cents on the dollar for the debs. 4) Make a last minute revision to the debenture buy out price of 25 (or maybe 30) cents. 5) Get a yes vote, and cash out the debentures for less than half the price than what it might otherwise would have cost them.
Sorry, but what you suggest is still against securities laws to exceed 10% and not make it public, and to try and do it as you suggest by using multiple accounts would make it even clearer during a prosecution, that you knew what the rules were but intentionally didn't comply.