Post by
SilenceDogood1 on May 03, 2024 8:30am
Tender Offer
I wonder if SC2 will actually take up any of the shares tendered to their offer. Certainly Seablinc's credibility will be 0 with shareholders if they don't follow through.
Comment by
rkhosla on May 03, 2024 12:55pm
I think they will genuinely take up the shares. However, most of the shares they 'take up' will be from related entities. That is what makes this a litle bit of a shell game. They already 'owned' most of the shares they are taking up.
Comment by
rkhosla on May 03, 2024 5:57pm
Disclaimer re "most". If they end up with 4% of the company, then yes, "most" came from shares they already owned. If they end up with 5%, then 2/5 or 40% came from shares they already owned....