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Re: romang post# 5292

Tuesday, 10/27/2015 3:46:03 PM

Tuesday, October 27, 2015 3:46:03 PM

Post# of 19297
Escrow shares and the new shares

At some point, the escrow shares will be taken out of the account.

The 50 new shares should also get a change in the description at some point to show they are warrants, and probably will also have the expiration year as part of the description.

I might be a long time before the escrow shares are taken off of the account.

http://corporate.findlaw.com/corporate-governance/preliminary-injunction-granted-where-proxy-description-of-merger.html
As an example, I remember years ago (late 1990s) I bought 310 shares of Besicorp, based on an article in Barron's. They went through a merger/buyout. The payout was paid on the shares after a number of months, and then for years there was a note of the shares being in escrow on my statements. Apparently, there were lawsuits and other things that dragged on for years, and at the end I got another check for a few hundred dollars. I was surprised since I had no idea there were other actions being litigated. I do NOT expect that to happen here (additional payout), since the conversion of the old common shares into warrants is over and done.

Louis J. Desy Jr.
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