Allen-Vanguard Corp (TSE: VRS, ADR: ALNVF) Message Board

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Technology Stocks : Allen-Vanguard Corp (TSE: VRS, ADR: ALNVF)

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To: kidl who wrote (91)	1/26/2009 12:12:08 PM
From: Sultan	Read Replies (1) of 115

You can buy it today at .235 right now.. so what the deal is worth is kind of fluid.. Only sure thing will be what fraction of a share of TNF we get and what TNF is trading it when that happens.. (Exchange ratio of Tailwind shares for each Allen-Vanguard share equal to 0.046493 times the US$/C$ exchange rate on the closing date) Only good thing about rights offering is it adds cash in the pot so combined company has better odds going forward.. But VRS management could have done that any time upto this fiasco and without the deal with TNF so management smarts is questionable.. For average share holder, what % of TNF they end up owning is not material..

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