OTCPK:OEXFF - Post by User
Comment by
ditchdigger251on Sep 26, 2018 1:54pm
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Post# 28694672
RE:RE:RE:RE:What will happen to my shares now?
RE:RE:RE:RE:What will happen to my shares now?I talked with a Kingsdale advisor not long ago. She told me that payment to IBR shareholders by Velvet will occur about 3 days after takeup up of tendered shares. No specific takeup date was given but I imagine that they must make a decision to takeup by the date of the Oct 5th deal extension. Having already 82% of shares tendered I imagine that takeup will be automatic since they can already proceed to a stage 2 force out.