Post by
RPINVESTOR1 on Sep 12, 2024 8:35am
OFFER TO PURCHASE
Here is an example of the Offer To Purchase that people may relate to.
A friend of mine has a beautiful new Mazda Miata convertible. I make an Offer To Purchase. I tell
him in return for the purchase I will cover the car insurance and maintenance, and allow him to use the
car 2 days out of every 25 days. Should I decide to sell the car I also promise to give him 75% of the
money received from the sale.
How do you like my Offer To Purchase?
Comment by
bluemoons20 on Sep 12, 2024 11:31am
75% is great. Better than some portion of 8%. Looks like a better offer than we are getting overall!! GLTA
Comment by
Ingiboy on Sep 13, 2024 1:20pm
Yes bluemoons20 he had to "sweeten" the deal by adding the 75 % clause if the assets are sold but it is still a goofy deal let there be no mistake. I think you need to read the takeover offer closely. Don't be mistaken this is a sh---y deal for the minority shareholders.