quote:The one in a hundred shot that the SEC would investigate the co post merger I would think would be enough to keep the co from doing something so facially apparent to the SEC as treating shareholders differently.
J? *if* the co _is_ trying to pull a fast one? First, they would be banking on much better odds than 1 in 100. Second, they would be reassured by the SEC's glacial response time.
All, please notice: I say "if"...
quote:Man, I wish they would PR the real story on this.
Understood...that's why it's up to *us* to figger it out, lol
Anybody checked the SoS sites, for involved companies?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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The line i simply do NOT understand is the option a) in the 8K.
a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price;
This is what led me originally to believe that they maintain the average closing price at time of merger UNLESS its above $15 in which case it will be valued at no more than $15. Hence b) or c). Keep in mind this is at the surviving companies discretion so CVSU calls the shots.
(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; or
(c) set the Average Closing Price at $15.00 and pay no additional consideration to 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 ).
Even after speaking with him im still unsure of what our future holds. But, im still sticking by the idea that they will choose a). But, then again, what does this do to the CVSU shareholders....surely they dont want to see their own stock valued under $1.00!
Brain is mush today, i need answers and then i need sleep...........
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A colleague of mine sent me these clips from the fidelity website (i dont have fidelity access myself). It seems Mr Harris will speak on M N 1 again today. Maybe he is tired of all the phone calls? For what its worth im unable to find anything on the M N 1 site.
The FrontHaul Group (FHAL <http://eresearch.fidelity.com/eresearch/evaluate/snapshot.jhtml?symbols=FHAL >) up 58.5% on 3.1 million shares traded.
This one is from Stock guru
The FrontHaul Group recently announced it has gone through a recent transformation and Market News first would like to invite you to join us in welcoming Rufus Paul Harris the new CEO of this company for a Live Exclusive Discussion.
The FrontHaul Group (FHAL <http://eresearch.fidelity.com/eresearch/evaluate/snapshot.jhtml?symbols=FHAL >) - Monday's shares increased 58.54% over open to $0.260. The volume was at 3,107,798. The FrontHaul Group has gone through a recent transformation and Market News first would like to invite you to join us in welcoming Rufus Paul Harris the new CEO of this company for an Live Exclusive Discussion. The FrontHaul Group is a publicly held Delaware corporation with branch offices in Rockwall, TX. The FrontHaul Group expects to grow their business specifically in the areas of 3rd party logistics, which includes but is not limited too Transportation Brokerage and Motor Carrier services.
The FrontHaul Group is a publicly held Delaware corporation with branch offices in Rockwall, TX. The FrontHaul Group expects to grow their business specifically in the areas of 3rd party logistics, which includes but is not limited too Transportation Brokerage and Motor Carrier services.
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I thought the same thing but its dated today in fidelity. It also states yesterdays increase and closing in the article. I hope they wouldnt show current news for an old story but initially I thought the same thing.
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if I remember correctly, m n 1, didn't show that Harris was scheduled last time - so, it's possible they may be throwing him in, again, without actually showing him on the schedule
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Yea, but I still don't "believe" anyone will be getting 15$ for their shares. Theres no way they can't afford to "give" money away when they borrow so much. Right!?
-------------------- I buy fast and sell faster!
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Kinda reminds me of the JPHC thing and how good and grand they were to treat the stockholders. Then "wham" there you have it, cloud cover gone and all, left in the sun to rot. Luckily I was not in that fiasco!
-------------------- I buy fast and sell faster!
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haha... i'm in pittsburgh right now and yeah, it was 100 yesterday and talked to some folks in wisconsin and on sunday it was 100 i believe, maybe it was saturday... so that weather should be moving your way doni;) hope you have a good fan for that computer;)
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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.5 today? man, i'll be hitting myself if it goes that high...i just sold my position at .33. nice little profit in 2 days.keeping my eye on it though for when it dips back down to low 20's to cover that gap this morning
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