Re: Certs I wrote a letter to IR DSUS yesterday
Post# of 11107
Posted On: 06/05/2015 1:04:24 PM
Re: Certs
I wrote a letter to IR DSUS yesterday mentioning that rather than a "one size fits all" approach it might be better if individual cert holders had a choice in the matter.
That way:
Those who wanted could take the $ .20 per cert deal, and use the money for whatever they want.
And those that wanted the 1:1 shares deal could take that.
Then, the overall time frame for cert redemption shouldn't matter so much, -since everybody could choose what they want.
Several people have mentioned that they want either the .20 per share in cash or the value (equal to .20) in common stock at the current price.
I'm inclined to agree with this.
Overall, the money, seems like a much safer bet to me, -as it's a constant that doesn't vary, -whereas stock prices fluctuate and can go up and down.
We'll see what IR says about all this.
I wrote a letter to IR DSUS yesterday mentioning that rather than a "one size fits all" approach it might be better if individual cert holders had a choice in the matter.
That way:
Those who wanted could take the $ .20 per cert deal, and use the money for whatever they want.
And those that wanted the 1:1 shares deal could take that.
Then, the overall time frame for cert redemption shouldn't matter so much, -since everybody could choose what they want.
Several people have mentioned that they want either the .20 per share in cash or the value (equal to .20) in common stock at the current price.
I'm inclined to agree with this.
Overall, the money, seems like a much safer bet to me, -as it's a constant that doesn't vary, -whereas stock prices fluctuate and can go up and down.
We'll see what IR says about all this.
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