Post by
Happychucky123 on Apr 13, 2016 11:54am
VMS valuations and options
At .36 rnx vms is worth .392 *.36 =.141 plus I think about 2 cents for the NAN dividend so the proper price is 15 to 16 cents. So 1 of 3 things. Market is stupid, does not believe rnx will stay here or that the sale will fail. On options if it passes you will than be given time to call your broker and chose cash and .24 or .392.
Comment by
Happychucky123 on Apr 13, 2016 12:05pm
I am assuming you will be given time to call your broker if it passes. I voted online. Like everyone said the 2 options are not there. This is how it has worked in previous mergers I have owned so here`s hoping.
Comment by
Leebo31 on Apr 13, 2016 1:20pm
no if u dont vote by the 20th then u get option c. i had to call my broker to vote for option b
Comment by
Happychucky123 on Apr 13, 2016 1:24pm
Please confirm what C is .24 and cash or .392?
Comment by
Leebo31 on Apr 13, 2016 1:40pm
on the vms news realse c was .24 and cash. i just told my broker i wanted the .392 option.
Comment by
Leebo31 on Apr 13, 2016 1:41pm
the cash and the share option is called the full propation option and that is what you will get if u dont specify the option u want by april 20th
Comment by
Happychucky123 on Apr 13, 2016 1:47pm
Thanks great info. I voted online gave my shares to management. May have to undo that once I hear back from management on what 2 options they are choosing. My bad in assuming I would still have the right to make the choice after the yes or no.
Comment by
colt45acp on Apr 13, 2016 1:58pm
Leebo31 management is voting yes. They don't have to tell you what option each one has picked. Do you understand?
Comment by
colt45acp on Apr 13, 2016 2:04pm
Sorry LEEBO31 I was responding to Happychucky123 in my post. glta. Didn't choose any option they all stink. jmo. glta. Also voted NO. jmo.
Comment by
Happychucky123 on Apr 13, 2016 2:21pm
A no vote I guess turns into the cash and .24. I understand your No. My average on 300k shares was 40 cents pick up another 300k at .07 so the only way I figure I can make some money is with RNX. Sad ending
Comment by
colt45acp on Apr 13, 2016 4:29pm
Happychucky123 you got to do what you got to do it's your call. Good luck. jmo.
Comment by
werdnapk on Apr 13, 2016 12:28pm
I believe it's your 2nd point... RNX might fall, so you can't just blindly say VMS is worth 14 cents. Saying that, I picked up a few more at 11.5 cents today. RNX can fall to .30 and I'm still ahead a bit.