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| Feb 22nd, 08:26 Eliale Morigi |
SLW buyback price | |
| I’m a little confuse about the buyback price of SLW. According to the prospectus, buy back price is going to be 20% more then current market price (for example right now would be .60 cents +/-). My understanding, before the prospectus, was that the buyback price was 1.03 linden per share, regardless market price in order to protect investors value. Is the prospectus correct? |
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| Feb 22nd, 08:51 Revolvo Rotaru |
Re: SLW buyback price | |
| This has been the source of some confusion, with continued repeated statements by SLW staff that they will be buying at 1.03, in contrast to what the prospectus says about an eventual *buyout*. What Reina has said comes to this: -Buybacks: When piecemeal buybacks start, it will be on the open market at 1.03. They won't be buying ALL of it back, just a certain not-yet-announced amount. -Buyout: When the company is taken private (as outlined in the prospectus), all remaining shares will be purchased at 20% over the market bid or 1.03, whichever is higher. However, the prospectus says *nothing* regarding the piecemeal buybacks. This is merely something planned by management and not part of the stated business plan, unlike the buyout. This help? |
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| Feb 22nd, 09:01 Eliale Morigi |
Re: SLW buyback price | |
| Yes, thank you Revolvo. However, maybe it would be better to have an official announcement about this issue. Just to clear it up once forever | ||
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| Feb 22nd, 11:36 Eliale Morigi |
Re: SLW buyback price | |
| sorry, I just realize Arbitrage gave already an answer at: http://www.slcapex.com/forums/topic/general/1496 | ||
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