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Gold/Mining/Energy : Peruvian Gold Ltd. PVO -- Ignore unavailable to you. Want to Upgrade?

To: Slim who wrote (413)	12/18/1997 10:49:00 PM
From: Andre Koluksuz	Read Replies (1) \| Respond to of 892

What this bill is , like all other "poison " bills, that if someone tries to buy out the company in a hostile manner ( meaning without the PVO board's support) and only gives 21 days to close ( the minimum required by the law), then the company in response will issue new shares to the existing shareholders,effectively making the company more expensive to buy ( say for exaMple in stead of paying for the 18 million outstanding shares, they would have to pay for 30 million shares) and also protecting the shareholders right buy getting a better value for their shares. PVO wants 60 days evaluation in stead of the 21 days minimum so that they will have sufficient time to go and obtain other offers. Comapnies whose share prices are significantly undervalued tend to adopt poison bills , so that opportunistic buyers do not try to buy them out at ridiculous prices.