Frontera Energy Corp T.FEC

Im tendering

[a2bman]

worst case I only get 4% @12

Best case I get rid of it all @12 then buy it back at 8-10

[CrazyTrader]

a2bman, you own 3,367,550 shares?   Worst case is that everyone tenders.  To get 4% of the 3,375,000 that will be bought for $12, in worse case, you need to own 3,367,550 shares!  

[a2bman]

thats not how it works.  you get to tender 4% no matter what

[a2bman]

the only way anyone gets more than 4% is if its not fully subscribed.  If only 50% is subscirbed then everyone gets 8% Come on this is a simple prorated allocation

[CrazyTrader]

a2bman, go read my first post here.

[CrazyTrader]

How do you get that idea in your head?  "4% no matter what"

[a2bman]

because every shareholder gets the same option

[CrazyTrader]

a2bman, I'm guessing when you tender, NONE of your shares will be taken up.  You just won't have enough.   I'm plan to tender also.  I'm expecting ZERO shares to be taken, and all returned to me.  

[waitingstill]

Guys I think it depends on how they calculate the shares tendered. 1. The calculate your tendered shares based on total shares you own. If so, then if you tender 100 percent of your shares you will guarantee 4 percent if 100 percent subscribed. If you tender 50 percent then you are guaranteed 2 percent. 2. The prorating is bason ONLY on the number of share tendered in total and not based on

[CrazyTrader]

waiting still, I believe I'm thinking about #2 in your example.    I still can not understand your #1 example.

[a2bman]

No that would violate minority shareholder laws, we all get the same percent if we want it

[CrazyTrader]

wow, I think I finally understand where the 4% is coming from.  Ok, I'm a little slow.  When I finally understood the 4%, and how simple it was....  it brought into question my original thinking.... I had to come back to your post to verify my original thinking.  I suspect it will be #2 also.

[a2bman]

that cant happen crazy.  If i send in 4% of my shares I am guaranteed to sell 4%.  Depending on whats subscribed to I could get more if I tendered more. There are minority shareholder rights!