Delphax Technologies Inc (DLPX): They're used to help prevent hostile tak...

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Re: sandtrap246 post# 61

Thursday, 09/29/2016 1:15:56 PM

Thursday, September 29, 2016 1:15:56 PM

They're used to help prevent hostile takeover. Usually its in the event when something big is in the works. It assures that the controlling shareholders will always have the most shares.

I'm thinking they did it because of the Weihai Printing Machinery Co. LTD deal and because the o/s of 6.8 million is possibly all floating. NASDAQ: AIRT holds I believe a 5% interest, its prob to protect them.

Don't quote me but the Weihai deal is worth roughly $12MM and there could be more deals on the table.

The CEO risked everything in this industrial printer, it might be payday.

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