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Hanibal

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Hanibal

Re: $b_rich$ post# 35376

Wednesday, 09/28/2016 6:10:56 PM

Wednesday, September 28, 2016 6:10:56 PM

Post# of 52912
It is my understanding that the majority owners (St. George and Dove) have the option to force the company to buy 11,142,392 shares of their own common stock during a "Put Exercise Period" which was amended today to be from April 1 2017 - September 30, 2017.

Out of these 11,142,392 shares:

- 278,926 shares to be bought back for $1.02
- 774,151 shares to be bought back for $0.20112
- 10,089,315 shares (the remainder) to be bought back for $1.26

Someone could correct me if I am wrong
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