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VLNT up 2200%?
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[QUOTE]Originally posted by bobcat88: [QB] Read the 8-k from January 1997, there are provisions for the shareholders in the event of a takeover that expire on Feb 8. Maybe something is up. ""The plan provides our Board of Directors flexibility in dealing with any takeover action that might occur," said Shirman. "It would not impede any transaction that the Board feels is in the best interests of VideoLan and its shareholders. On the other hand, the dilutive consequences of triggering the rights should be a deterrent to actions that are not in the best interests of VideoLan and its shareholders." The issuance of rights has no financial effect on VideoLan, is not dilutive to shareholders, is not taxable to the Company or its shareholders, and will not change the way in which VideoLan common shares are traded. Rights are not exercisable until the distribution date and will expire at the close of business on February 8, 2007, unless earlier redeemed by the Company. [/QB][/QUOTE]
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