Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: BostonView who wrote (3529)	12/14/1999 5:17:00 PM
From: LiPolymer	Read Replies (1) \| Respond to of 4140

A wild speculation. Growth Capital is a front for shorts wanting to have an insurance policy to cover. Shareholders have no withdrawal rights...what a crock! All IMHO.

To: BostonView who wrote (3529)	12/14/1999 6:16:00 PM
From: Arcane Lore	Read Replies (2) \| Respond to of 4140

All of the following other than the historical facts represents my opinions only. The 2,300,000 shares or less that Growth Capital Corp. (GCC) is offering to purchase represent slightly less than 5% of the 46,146,229 SNRS shares outstanding as of Nov. 12, 1999 per the most recent 10-Q: sec.gov By tendering for less than 5% of the outstanding shares, GCC is not subject to the various filing, disclosure and other regulatory requirements of Section 14(d) of the Exchange Act and Regulation 14D: law.uc.edu law.uc.edu The description of the tender offer in the SNRS press release biz.yahoo.com indicates that the shareholder is being asked to give GCC the right to purchase SNRS shares at a price of $12.50 (up to a limit of 2.3 million shares across all tendering shareholders). GCC on its part has no obligation to purchasse the tendered shares. Thus in essence the tendering shareholder is being asked to give GCC a free irrevocable call with a strike price of $12.50 on the tendered SNRS shares. Since GCC may extend the period of the tender offer, the term of the call likewise may be extended indefinitely.