Inner Spirit Holdings Ltd. INSHF

RE:RE:RE:RE:RE:RE:RE:RE:Terrible Deal

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If the stockprice stays at or above .35 cents for 20 days , all the debentures with be forced to exercies, thats a heck of a pile of shares if converted, but they will convert at .25 cents so they do add cash to the warchest. Hope there are other companies kicking the ish tires right now. News release says they have alotted some time for a competative offer.release quite"The agreement provides for, among other things, customary support and non-solicitation covenants from Inner Spirit, including customary fiduciary out provisions that allow Inner Spirit to accept a superior proposal in certain circumstances and a five-business-day right-to-match period in favour of Sundial. The agreement also provides for the payment of a reciprocal termination fee of $4-million in the event the transaction is terminated in certain specified circumstances." This could get fun in the days ahead