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GIFS has announced it will take a controlling interest in
IMXS in a stock swap 6.25 shares of IMXS for 1 share of
GIFS. GIFS is buying back its own shares to push its
price to 5/share for a NASD listing...and will maintain that price.
When they do that, IMXS will be worth .80/share. IMXS 52 week
high is 6 1/2 /share! GIFS will be pumping money into IMXS so
that it shows a profit by YEAR'S END.
Help me to understand this swap: Will all owners of IMXS be FORCED to take some
GIFS stock? Or just the company owners of IMXS? Is GIFS going to keep
the swaped IMXS shares out of the public, thus decreasing IMXS's float?
If GIFS doesn't get enough people to take the swap, will they have to start
buying IMXS shares on the open market thus creating buying pressure???
Dave
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