TS03 Inc Trust Units TSTIF

Secondary offering

[eunice12]

Stryker wants TOS. If Stryker gets 50%, they aren't going to let this deal go, so they will do a secondary offering for the other 15% necessary to force conversion of all, although the price for those secondary people might be less than .43. Then because all those who voted no in the first round sold their shares, the people who bought their shares will vote yes no matter what the price is. 
If Stryker declined all the .43 shares that were tendered and tried a new bid for all the shares at less than .43 they risk that the guy who verbally offered .50 will jump in and outbid them with their own deal that gives them a rofr, in which case Stryker will be effectively frozen out forever.
Either way Rumble gets his cake and the simple ones who thought they couid prevent it will once again be left scratching their heads.