posted
I'm not in, just read 14A which is just out (very interesting part is below): **** 1. To approve the proposed sale of all of the shares of common stock of our wholly-owned subsidiary, Surety Bank, to PAX Holdings, Inc., a Texas corporation, pursuant to the terms of a Stock Purchase Agreement between PAX Holdings, Inc. and the Company dated as of October 11, 2006;
2. To vote on whether or not to approve a proposal to dissolve the Company and a related Plan of Complete Liquidation and Dissolution of the Company pursuant to which stockholders would receive approximately $0.30 per share.
3. In the event that the proposal to dissolve the Company is NOT approved, to approve the merger of the Company with and into Surety Capital Corporation (“Surety Nevada”), a Nevada corporation formed for the sole purpose of merging with the Company, thereby changing the domicile of our Company from Delaware to Nevada. *****
Posts: 1580 | From: World | Registered: Jul 2006
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posted
OK, SRYP did modify the Schedule14A from Nov 13th and added exact PPS (in cash for stockholders after liquidation/dissolution of company). OS is 11,320,973 (hasn't changed since 2005!).
I'll be watch it and jump into with any volume
Posts: 1580 | From: World | Registered: Jul 2006
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posted
oops, dig into FPLD and looks like miss this one - too late to chase .19 x .20 53% up
Posts: 1580 | From: World | Registered: Jul 2006
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