GREY:XEBEQ - Post by User
Post by
tamaracktopon Nov 24, 2021 11:06pm
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Post# 34164115
Some here might not know what a poison pill is
Some here might not know what a poison pill isA poison pill is a maneuvre to avoid a hostile takeover.
It usually involves awarding rights to existing shareholders to acquire shares at a massive discount to the prevailing price.
In Xebec's case, it could be pennies.
Every shareholder excercises their rights.
The share count becomes such that any bid is doomed.
It would be sub-economic at any reasonable premium.