Posted On: 09/26/2015 11:34:00 AM
Post# of 11039
Re: d0lphint0m #4157
Finra might not admit knowing about the merger as would be expected. If you call they will likely tell you they haven't announced anything related to the ticker so they cannot comment if they received an application or not. Thats what happened with the dividend when I called them prior to their announcement. They cannot tell you because it allows an opportunity to potentially gain from the transaction.
Regarding the merger, in order to delist, yes it has to go through FINRA. I don't think there is a way to go around this as all companies would just take funds they received from selling stock and disappear. Thats why a backdoor merger seems impossible to me. All shares should have to be included in a merger, and with a cash offer it would be simple as any shorts would simply pay merger price. When there is a share for share exchange, I have no idea if there are any other solutions than to making shorts cover, but just like you I am premising that all shares have to be included, this is 101.
ALL IMHO
Regarding the merger, in order to delist, yes it has to go through FINRA. I don't think there is a way to go around this as all companies would just take funds they received from selling stock and disappear. Thats why a backdoor merger seems impossible to me. All shares should have to be included in a merger, and with a cash offer it would be simple as any shorts would simply pay merger price. When there is a share for share exchange, I have no idea if there are any other solutions than to making shorts cover, but just like you I am premising that all shares have to be included, this is 101.
ALL IMHO
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PLEASE READ IF YOU READ MY POSTS
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
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