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Wednesday, November 01, 2017 12:46:34 AM
Documents from Fidelity.
"He who has the gold makes the rules."
One of the things that I like least about this rights offer is the short amount of time that we have to take action. Three weeks from the presentation of the terms to having to make the first commitment places us under severe duress, financially. Arcam and GE has been crafting this deal since the annual meeting, if not before.
As I have 1,000,000,000 shares (give or take a couple) it is impossible for me to come up with the necessary funds on this short notice. The idea of selling the subscription rights, almost certainly to GE, is distasteful. We will be selling away the additional shares that we should be able to buy at a discount and the control that GE will ultimately gain for pennies on the dollar.
From the discussion on this board, it appears that I am one of the lucky few that have the option to take part in the preferential rights issue.
GE should take the high road and offer significant additive ownership opportunities to other industrial manufacturers like Rolls-Royce, GKN, Airbus, Honeywell, Boeing, Arconic, Stryker, Lima, Lockheed Martin, ...
Imagine that somehow McDonalds controlled the hamburger patty market. Would no one at McDonalds realize that maybe Burger King, Wendys, Five Guys, Hardees, and Sonic would be uneasy buying from Ronald McDonald? The competition would ultimately buy venison, buffalo, lamb, salmon, and kangaroo meat instead.
GE wanted to secure the technology so that no one could place them over the barrel that they have all of Arcam's other customers over. Not just the current customers but all potential customers as well. I'm not seeing this as a good plan if they really do intend to sell machines. Where are the bulk orders?
Anyway, back to Fidelity. They say that I have until the end of the day November 2nd to sell the rights. I haven't called the number to be sure that everything is as easy as it looks. Not fair, but easy.
The two documents that I've received from Fidelity:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
From an earlier post - Technology and Business Tipping Points
AAPL up to Dec 1996
AAPL Dec 1996 to Present
Actually, AAPL is up about 64% since September 2016.
"He who has the gold makes the rules."
One of the things that I like least about this rights offer is the short amount of time that we have to take action. Three weeks from the presentation of the terms to having to make the first commitment places us under severe duress, financially. Arcam and GE has been crafting this deal since the annual meeting, if not before.
As I have 1,000,000,000 shares (give or take a couple) it is impossible for me to come up with the necessary funds on this short notice. The idea of selling the subscription rights, almost certainly to GE, is distasteful. We will be selling away the additional shares that we should be able to buy at a discount and the control that GE will ultimately gain for pennies on the dollar.
From the discussion on this board, it appears that I am one of the lucky few that have the option to take part in the preferential rights issue.
GE should take the high road and offer significant additive ownership opportunities to other industrial manufacturers like Rolls-Royce, GKN, Airbus, Honeywell, Boeing, Arconic, Stryker, Lima, Lockheed Martin, ...
Imagine that somehow McDonalds controlled the hamburger patty market. Would no one at McDonalds realize that maybe Burger King, Wendys, Five Guys, Hardees, and Sonic would be uneasy buying from Ronald McDonald? The competition would ultimately buy venison, buffalo, lamb, salmon, and kangaroo meat instead.
GE wanted to secure the technology so that no one could place them over the barrel that they have all of Arcam's other customers over. Not just the current customers but all potential customers as well. I'm not seeing this as a good plan if they really do intend to sell machines. Where are the bulk orders?
Anyway, back to Fidelity. They say that I have until the end of the day November 2nd to sell the rights. I haven't called the number to be sure that everything is as easy as it looks. Not fair, but easy.
The two documents that I've received from Fidelity:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
From an earlier post - Technology and Business Tipping Points
AAPL up to Dec 1996
AAPL Dec 1996 to Present
Actually, AAPL is up about 64% since September 2016.
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