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quote:Originally posted by RyanPBF: According to the 8k if I'm reading this correctly. Friday might be the day please correct me if I am off on my logic.
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2 nd ) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to : (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; shares of Buyer's or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
cshd said the merger closing is today at market close. I think you are listening to the wrong people.
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quote:Originally posted by LincolnSqueezer: All, With ARCA on the ask so high, who do YOU think that is a message to?
Being kind of new to all of this i would guess ARCA is just buying and has no interest in selling. Is it meant to be a sign? Sure, maybe. But, thats just a reaction to how human nature works, we are always looking for signs of something. Im not going to read into it too much right now...unless its a once ever scenario.
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quote:Originally posted by RyanPBF: According to the 8k if I'm reading this correctly. Friday might be the day please correct me if I am off on my logic.
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2 nd ) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to : (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; shares of Buyer's or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
cshd said the merger closing is today at market close. I think you are listening to the wrong people.
so the reset will happen today, Wed the 13th?
-------------------- I buy fast and sell faster!
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quote:Originally posted by RyanPBF: According to the 8k if I'm reading this correctly. Friday might be the day please correct me if I am off on my logic.
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2 nd ) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to : (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; shares of Buyer's or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
cshd said the merger closing is today at market close. I think you are listening to the wrong people.
so the reset will happen today, Wed the 13th?
They said the merger would complete today. They did not say anything about the reset, so who knows.
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posted
Sceptor I was reading a little into the two day thing. Lack of sleep. I was reading that after completion of merger today. They had two days to do the reset. I took that post down because I believe I had read the info wrong. Sorry to anyone that might have gotten their hopes up.
posted
I have to run out for a bunch of meetings today as well. This is the message that I get from Fidelity when trying to pre-set a "high" sell order.
Trade Message (010906) The limit price you entered is too far away from the last trade for this security. Orders for a security with a last trade price less than or equal to $10 cannot have a limit price greater than $15. This guideline is used because certain marketplaces may cancel limit orders that are more than 30% away from the last trade.
Bummer, I hope I don't miss the show.
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OTCBB TRADING 312-442-7700 ============================================= To view who MM's are and work for go to http://www.cvsu.us/ and click "Depth/LII"
This will show level II quotes (delayed) you can see all the MM info by clicking on them.
quote:Originally posted by RyanPBF: Sceptor I was reading a little into the two day thing. Lack of sleep. I was reading that after completion of merger today. They had two days to do the reset. I took that post down because I believe I had read the info wrong. Sorry to anyone that might have gotten their hopes up.
posted
I have a TDA account that came from the TD Waterhouse side. I was just able to purchase CSHD shares online. If you have a TDA account that came from TD Waterhouse, you should be able to buy online even though TDA says it's not available.
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