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Microcap & Penny Stocks : TVIN,will be awarded a contract with NASA.@.14cents
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To: PJr who wrote (729)12/5/2003 2:04:34 PM
From: rrufff  Read Replies (1) of 853
 
I don't bother reading them anymore. The first one I read made me join AA.

All poison pills are basically a way of making a takeover without approval of the board cost prohibitive. I don't know of any case where the shares have actually been issued. I may be wrong on that.

The basic premise is that once a certain point is reached, e.g. 15% ownership, that person (or group acting in concert) can be diluted to death by fiat. So one would go from 15% ownership to say .15% ownership if he buys the shares that push him over 15%.

There is no tax ramification because it is basically a distribution of nothing, a tax-free reorganization, etc.

It is called "shareholders' rights plan," but should really be called "plan to make sure management gets jobs and perks if there is a take-over." That's the real intent of the plan despite the doublespeak name straight from George Orwell.

The good news is that it means that TVIN's value is appreciated by someone who has done DD and is stalking it for takeover. The bad news is that management is looking out for their own posteriors while they are working for us.

I suspect we may have a bit of a pullback, but long term this is a $5 stock easily.
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