RE:RE:RE:RE:RE:RE:SIB Sam Based upon my facts most but not all of minority shares will be taken at $ 2.42
Based upon todays market cap 144834 divided by 1.92 there are 75.434 share outstanding.
Company states that minority shareholders comprise 25.58% . That means 19,235,000 are availabletfor tender.
The company will take 16528000. That means on 2.707million on full tender will be pro rated.
I am tendering my shares as well as buying some more at 1.90. I do not believe they will get offers for 19235 and i will get 85% paid..
Sam tender your shares and take 2.42 and if you can buy back latter if you still like stock..