Re: Hostile buy-out, PM and AGO
in response to
by
posted on
May 05, 2012 02:34AM
Hello Peco, I will try to answer in reverse order
1. AGO: Short name for Agoracom (this board). There is another board called Stockhouse (aka SH)
2. PM: Private Message: Go to the poster avatar (the picture of the gold coin, in the case of Mark the tally list keeper, aka LTGoldBull2) click on it, you will see "pm" on the top of the list in the box on the left side, the type away your message to him. Another option would be to post a public message for everyone to see, then Mark will pick it up if he scans the postings. Putting your shares to be counted right on the title/subject line would catch his attention.
3. The 10% level: For most cases the minimum for a TO would be 2/3 majority, but in order to trigger the compulsary tendering process (legal step) the aquisitor would need to cross the 90% threshold. That's why we want to form the 10% block to be considered as "somebody" around the negotiation table. If we didn't like the offer we could vote against it and the acquisitor could not take the 90% company private, i.e. they would have to comply with all the requirements for a public company. To be a force to be reckoned with we need to have the 10% block by ourselves, since management may decide to sell out and get on with their lives. Just like any large blocks from institutions, we can be bought if the price is right. It sounds terrible, but everyone is just trying to make some money.
goldhunter