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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: JGreg who wrote (103396)6/20/2008 8:01:10 PM
From: LoneClone  Respond to of 206093
 
None, as I understand it.

One interpretation of this whole thing is that END bought those Ithaca shares when they were ridiculously cheap and then announced a lowball takeover offer so they could either steal Ithaca on the cheap or else make a tidy little profit selling those shares at the higher prices they themselves created with the takeover attempt.

LC



To: JGreg who wrote (103396)6/20/2008 11:29:06 PM
From: kollmhn  Read Replies (2) | Respond to of 206093
 
Greg-

END has to sit pat. No using a take over position to kick out your own shares.

Should END withdraw their offer, then, after publicly announcing that, they are free to sell.


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