The rights become exercisable only when a person, including any party related to or acting jointly or in concert with such person, acquires or announces its intention to acquire 20% or more of the outstanding common shares common shares of the Company without complying with the “Permitted Bid” provisions of the Rights Plan. Should a non-permitted acquisition occur, each right would entitle each holder of common shares (other than the offeror or certain parties related to it or acting jointly or in concert with it) to purchase additional common shares of the Company at a 50% discount to the market price of the shares at that time.

So, if that happened, then we would be able to purchase shares at 50% of the SP at that time. And we'd also assume that the SP would immediately rise, once the takeover is announced. Then we could sell what we added on at a nice profit. This sounds almost too good to be true. Am I reading that right ? Hope so !

strato