Post by
thedave2006 on Oct 26, 2016 9:19am
news, so what are common shares worth?
The alternative recapitalization plan also contemplates a transaction under which common shares not held by three of the Principal Securityholders would be exchanged for cash consideration, subject to certain conditions, including so as to permit the Company to cease to be a reporting issuer under applicable securities laws. The completion of any such transaction is not a condition to the implementation of the alternative recapitalization plan. There can be no assurance that such an exchange transaction will be proposed and if so at what price.
Comment by
grantoue on Oct 26, 2016 12:05pm
Fck I don't Know.. This might be an attempt to buy a bunch of cheap shares by KGI. They could buy under 20% before they have to make a bid for the company