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$3 EASY 50 METER TARGET HERE! SHORTY DESTROYED!
LOOKS LIKE A $5 MONDAY!
I TOLD YOU GO LONG! I FORGOT ABOUT THIS STOCK FOR TWO MONTHS COME BACK AND REALIZE IM GETTING RICH. IM GOING OUT TODAY AND BUYING A NEW TRUCK!!!
I TOTALLY RENEGE ON ALL MY COMMENTS YESTERDAY. I'M NOT WORTHY! I'M NOT WORTHY!
STILL LONG LIKE A DINGDONG. 2.60 AVG.
LOOKS LIKE NY MONEY SHOOK OUT ALL THE WEEK HANDS YESTERDAY
02/03/2015 2.03 2.14 1.91 2.08 9,657,209
02/02/2015 2.2 2.21 2.07 2.12 5,400,205
01/30/2015 2.3 2.31 2.12 2.2 6,429,836
01/29/2015 2.38 2.41 2.11 2.24 11,920,500
01/28/2015 2.65 2.65 2.38 2.39 17,789,040
01/27/2015 2.32 2.4701 2.26 2.38 11,607,670
01/26/2015 2.565 2.69 2.28 2.44 32,403,100
01/23/2015 2.62 3.09 2.03 2.37 104,553,600
01/22/2015 2.65 3.51 2.49 3.1 141,938,300
Read more: http://www.nasdaq.com/symbol/fxcm/historical#ixzz3QibBVkF9
Please tell me why this will now go green? This has been going lower and lower for 9 days now. Why will tomorrow be any different? This will keep falling until it hits 1.25 which will be the bottom and will ride around there for months.
Wake up Longs. You're long for at least 3-5 years if you want to see any significant increase in your stock value.
I'm just trying to save some people some money and heartache here by talking in reality.
Of course. I will get rich from this. It will just take 5+ years. I don't mind holding that long. I'll double my money. Anyone who wants to double there money I recommend they hold and invest. It's likely they will see 5 in 5.
$5 in 5 years. Mark it. $1.50 short term. Lucky I'm reeeeal long. I don't mind doubling my money in five years.
Lower highs and lower lows every single day for over a week now. The market is booming yet FXCM can't even get out of the slow red bleed. Bottom line: Look for 3 in 3 and 5 in 5. But this is going down to 1.25 - 1.75 in the short term.
Down to $1.25 now.
Like I said. Once below $2.00 this stock will sit around $1.25 for some time. You want me advice? Don't look at this stock again until 5 years from now. I doubt we'll hear anymore $10 or $17 calls here for some time now, at least.
Massive volume on a tank (2 million in less then 10 minutes) is an awful sign.
I'm already underwater ($2.60 avg) and regretting buying this stock at all.
I just feel bad for those who have serious money invested thinking they would get a quick double or triple. The fact of the matter is, the money will be tied up for at least 5 years to see $3-$4 again.
How will this ever get back to $17 in under 8 years? Hell, FXCM hit bottoms of $8.00 just two years ago. It took Niv over a decade just to get this to $17 a share while taking some serious risks (one which landed him where he is today)
I'm betting they pay off the loan in roughly a three years time, as well. But they have to yardsale some of the companies best assets in order to do it. So with their best assets gone, why would this stock ever be at its highest in under five years again?
Look at what LUK did for KCG. Yes they gave them a second chance. But Knight was trading at $30 for years before their crash. Now after years the best you'll see KCG at is $12.00. Yes, better then $2 but still under half of what their value was.
We can expect something of the same here. It is reasonable to believe that with the poison pill, FXCM's refusal to sell, that within 5 years time with LUK's help we could see $5-$8 a share. $3.50 between 3-5 years is the most realistic.
Some of the posters here need to be realists and stop calling for $10-20 by eow or just around the corner, lol.
The truth of the matter is, this is 80% zero (we're almost there and could be there by eow) and 20% hero. I don't like those odds, but I gambled and I'll either pray or pay.
Indeed. The whole market is up and green but FXCM continues to tank. I'm holding my current position but in hindsight I wish I waited to buy in at $1, which is where I believe this is head by eow.
Nope, I'm long with buys at 2.70, 2.87, and 2.20 with a current average of $2.60. With how things are going I wouldn't waste another penny on this stock. I have no other choice but to hold until at least 2.60 (If I'm fine with breaking even). But I'm also a realist.
I've been reading on here people claiming this is going to shoot to 6-7-10-17$ for over a week now, all the while this stock just goes lower and lower.
The realist in me says if this breaks below $2.00 it will plummet to $1 and probably stay there. If within 3-5 years FXCM pays off the loan, yardsaling off half their company to get there, we should see $3.50... which will be what the company is realistically worth then.
Will this be another red day? If we break below $2.00 look for this to plummet to $1.00-$1.25. But like I said, if you're holding long within 3-5 years we should see around $3.50 again. Hopefully collect some of the dividends on the way. Being a realist here.
This might hit 1.25-1.75 in the coming week. But I think within 3-5 years we'll see $3.00-$4.00. So when we say "Long and Hold I can't be Sold!" I just want everyone to understand we're looking at a 5-10 year investment here.
As much as we dog on "shorts" it's evident "shorty" and their covering probably kept this above $2.00. Now that they are dried up so too is this stock... for at least a few more years.
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
- Warren Buffet
http://www.shortstockvolume.com/Chart/FXCM/
Fixed.
WHAT MAKES YOU SAY THAT? ITS BEEN GOING LOWER AND LOWER FOR OVER A WEEK NOW. WHY WOULD IT TURN AROUND THIS WEEK? YOU JUST SPECULATING?
IF FXCM CAN START TO TURN IT AROUND ILL BE HAPPY IF ITS AT LEAST $3 BY NOVEMBER
CJ, ILL BE HAPPY IF THIS IS $3.00 IN A YEAR. THE MINDLESS $11 CALLS IS GETTING ANNOYING TO READ.
WHEN I SAID WE WERE TAKING OFF I MEANT LIKE THE HINDENBURG!
I think if they announced they paid back half the loan we might get a .5 cent bounce.
CHECK THIS OUT
[URL=http://s166.photobucket.com/user/gnar_profits/media/original_32045664_zpsanv42f7b.jpg.html][/URL]
Notice the section I highlighted in red. This shows insider buys. Obviously this goes against the bear propaganda that insiders are willingly jumping overboard. On the contrary. And there are some significant insider powerplayers that aren't comfortable with their shares being at 2.22.
I'd also like to highlight the major decrease in volume as evidence of a blatant takeover attempt. If the company was rubbish no one would try to buy it out. Fact.
I expect sometime this weekend or early next week to find out FXCM sold off a non-core asset for a significant dollar amount, along with some debt collection, and it will be combined to pay down a substantial portion of the loan. This breaking news will obviously send this stock back up.
Also, on a more positive note, FXCM finished green in AH (.03+).
FXCM set to sell FXCMPro
FXCM set to sell FXCMPro – LeapRate Exclusive
By LeapRate Staff on Friday, 01.30.15
Jefferies LLC, which also advised on the sale of Hotspot FX earlier this week, is running the sale of FXCMPro, as FXCM looks to shed non-core assets. So how much is FXCMPro worth?
FXCMPro for sale
LeapRate Exclusive… LeapRate has learned that embattled retail forex broker FXCM Inc (NYSE:FXCM) is very close to effecting a sale of its institutional brokerage arm FXCMPro.
M&A discussions around FXCMPro began virtually immediately after FXCM received a $300 million lifeline from Leucadia National Corp (NYSE:LUK) just under two weeks ago. FXCM stated at the time that it intended to sell non-core assets to help repay the loan from Leucadia. We (and most in the industry) understood ‘non-core assets’ to mean that everything will go except FXCM’s core retail forex brokerage franchise.
Another Leucadia company, investment banking firm Jefferies LLC, is acting as adviser and doing most of the work in finding a buyer for FXCMPro.
The timing for a sale of FXCMPro is actually pretty good. Another institutional forex ECN, Hotspot FX was acquired earlier this week by BATS Global Markets for $365 million in cash from KCG Holdings. Interestingly, Jefferies acted as adviser to KCG in helping put together that transaction. A busy few weeks at Jefferies…
DCX FX optionsFXCM has doubled the size of its institutional FX franchise from trading volumes of $8 billion ADV in 2013 to the $16-17 billion ADV range by the fourth quarter of 2014. FXCMPro provides services primarily to larger institutions and hedge funds trading currency for delivery with a Prime Broker. FXCMPro also has a partnership with SuperDerivatives called DCX for electronic trading of FX options, following OTC market conventions.
So how much is FXCMPro worth?
Well as a benchmark, as we noted above Hotspot FX was just sold for $365 million, and Hotspot does roughly double the volumes FXCMPro does, in the $32-35 billion ADV range. Which would make FXCMPro worth, in theory, in the $180 million range.
Our understanding, though, is that the discussions are around a significantly lower number, something closer to $100 million. FXCM is a very highly motivated seller at this stage, and its institutional franchise is simply not as well developed as Hotspot’s is.
Look for this big announcement AH, over the weekend, or first thing Monday morning. Guarantee once this announcement is made and how much they were able to collect from the 10%, this thing skyrockets next week.
Wow look at this volume... I would say a hostile takeover was imminent and this measure scared away the predators buying up the large block cheapies. Good sign though, means someone big knows this companies real value... and it's not 2.20.
We're a long way from that $11.20 lol....
Drew Niv founded and was the CEO of a billion dollar company when he was 30 years old. The guy isn't dumb.
No they are not worth 11.20 now. That's not what this is.
Let's be clear here Bulls
FXCM adopts ‘poison pill’ shareholder rights plan
By Andrew Saks-McLeod on Friday, 01.30.15
A poison pill helps prevent an unsolicited bid to buy a company, keeping the company under the control of the Board. It is NOT about raising money.
FXCM poison pil
Retail forex broker FXCM Inc (NYSE:FXCM) has adopted a ‘poison pill’ shareholder rights plan, to prevent a takeover of the company unless agreed to by the board of directors.
Contrary to reports on other blogs, which got it wrong, this is not about raising money.
With FXCM’s share price way down following its close shave with insolvency and its subsequent raising of a $300 million lifeline from Leucadia, it appears as thought the board and management want to make sure that they have a say in the eventual fate of the company.
What is a poison pill? And what is a shareholder rights plan?
A poison pill is is a type of defensive tactic used by a company against a potential takeover. A shareholder rights plan is a very common type of poison pill.
Shareholder rights plans were devised in the early 1980s as a way for corporate directors to prevent acquirers from negotiating a price for the company directly with shareholders – instead forcing the bidder to negotiate with the Board. Shareholder rights plans are unlawful without shareholder approval in many jurisdictions such as the UK, are frowned upon in others such as throughout most of the EU, but are lawful if used “proportionately” in others, including Delaware in the United States where many public companies are incorporated – including FXCM.
The typical shareholder rights plan involves a scheme whereby shareholders have the right to buy (many) more company shares at a discount, if anyone buys a certain percentage of the company’s shares. The plan could be triggered, for example in FXCM’s case, when any one shareholder buys 10% of the company’s shares, at which point every shareholder (except the one who bought the 10% stake) will have the right to buy a new issue of shares at a huge discount, thereby diluting the acquirer.
Knowing that such a plan could be called on, the bidder could be disinclined to the takeover of the company without the Board’s approval, and will first negotiate with the Board so that the plan is revoked.
Shareholder rights plans, or poison pills, are controversial because they hinder an active market for corporate control.
ROFL Shorts are panicking today. Their beloved .75 Katz dream was just flushed down the toilet.
Already up 9.5% in Frankfurt!
http://m.boerse-frankfurt.de/de/parts/profile.m?secu=103714129
THIS COMPLETELY MAKES THE KATZ CITI ARTICLE DONE
All the shorties pointed to the .75 Katz Citi Shorty Article as major bear evidence. Well. That article is officially in the trash bin now.
Oh Katz, you dumbass.
ADOPTING THE "POISON PILL" announces to NYSE that WE'RE HERE TO STAY. FXCM does not want to sell (especially on the cheap) nor are they going anywhere.
We saw a lot of suspicious big block buys by anonymous entities. The 800k block, the 50-100k block buys. Evidently it was one or more entities trying to takeover the company on the cheap. I suspect if it is ever announced it will be Schwab and perhaps even Citi manipulating to keep the stock shorted for a reason.
OH YOUR DIRTY TACTICS WALL STREET. BUT WE GOT NEWS FOR YOU! BOOM. LOOK FOR ANOTHER MAJOR ANNOUNCEMENT EITHER TODAY AH OR LIKELY MONDAY ABOUT EITHER A NONCORE ASSET SALE OR A COLLECTION AMOUNT.
STOCKHOLDERS RIGHTS PLAN 8K.... BOOM!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2015
FXCM INC.
(Exact name of registrant as specified in its charter)
Delaware
001-34986
27-3268672
(State or other jurisdiction of incorporation)
(Commission file number)
(I.R.S. employer identification no.)
55 Water Street, FL 50, New York, NY, 10041
(Address of principal executive offices, including zip code)
(646) 432-2986
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement.
On January 28, 2015, the board of directors (the “Board of Directors”) of FXCM Inc., a Delaware corporation (the “Corporation”), approved the adoption of a stockholder rights plan (the “Rights Plan”). The Board of Directors believes that adopting the Rights Plan at this time is prudent and in the best interests of the Corporation and its stockholders.
In adopting the Rights Plan, the Board authorized the issuance of one right (a “Right”) for each outstanding share of Class A Common Stock, par value $0.01 per share, of the Corporation (the “Common Stock”). The issuance is effective as of February 9, 2015 to stockholders of record on that date (the “Record Date”). Each Right, once exercisable, entitles the registered holder to purchase from the Corporation one one-thousandth (1/1000) of a share of preferred stock of the Corporation, designated as Series A Junior Participating Preferred Stock, par value $0.01 per share (the “Preferred Stock”), at a price of $11.20 per one one-thousandth (1/1000) of a share, subject to certain adjustments (the “Exercise Price”). The description and terms of the Rights are set forth in a Rights Agreement (as it may be supplemented or amended from time to time, the “Rights Agreement”), dated as of January 29, 2015, by and between the Corporation and American Stock Transfer & Trust Company, LLC, as Rights Agent (the “Rights Agent”).
As discussed below, initially the Rights will not be exercisable, certificates will not be sent to stockholders and the Rights will automatically trade with the Common Stock.
The Rights, unless earlier redeemed or exchanged by the Board of Directors, become exercisable upon the close of business on the day (the “Distribution Date”) which is the earlier of (a) the tenth (10th) business day following a public announcement that a person or group of affiliated or associated persons, with certain exceptions set forth below, has acquired beneficial ownership of 10% or more of the outstanding voting shares of the Corporation (an “Acquiring Person”) and (b) the tenth (10th) business day (or such later date as may be determined by the Board of Directors prior to such time as any person or group of affiliated or associated persons becomes an Acquiring Person) after the date of the commencement by any person (other than an Exempt Person, as defined in the Rights Agreement) of a tender or exchange offer, the consummation of which would result in such person or group of affiliated or associated persons becoming an Acquiring Person.
An Acquiring Person does not include (a) the Corporation, (b) any subsidiary of the Corporation, (c) any employee benefit plan or employee stock plan of the Corporation or of any subsidiary of the Corporation, or any trust or other entity organized, appointed, established or holding voting shares for or pursuant to the terms of any such plan, (d) any person who the Board of Directors determines in good faith becomes an Acquiring Person inadvertently and without any intention of changing or influencing control of the Corporation (unless and until such person fails to divest itself, as soon as practicable, of beneficial ownership of a sufficient number of shares of voting stock of the Corporation so that such person would no longer otherwise qualify as an Acquiring Person), (e) any person who, as of 5:00 p.m. New York City time on February 9, 2015, is the beneficial owner of 10% or more of the shares of voting stock of the Corporation then outstanding; provided, however, that if any such person thereafter becomes the beneficial owner of additional shares of voting stock of the Corporation representing one-quarter of one percent (0.25%) of the then-outstanding voting stock of the Corporation (subject to certain exceptions), then such person will be deemed to be an Acquiring Person unless upon becoming the beneficial owner of such additional shares of voting stock of the Corporation such person does not beneficially own 10% or more of the shares of voting stock of the Corporation then outstanding,
2
or (f) any person who becomes the owner of 10% of the voting stock of the Corporation then outstanding as the result of an acquisition of shares of voting stock of the Corporation by the Corporation which, by reducing the number of shares outstanding, increases the proportionate number of shares of voting stock of the Corporation beneficially owned by such person so that such person would otherwise become an Acquiring Person; provided, however, that if any such person thereafter becomes the beneficial owner of additional shares of voting stock of the Corporation representing one-quarter of one percent (0.25%) of the then-outstanding voting stock of the Corporation (subject to certain exceptions), then such person will be deemed to be an Acquiring Person unless upon becoming the beneficial owner of such additional shares of voting stock of the Corporation such person does not beneficially own 10% or more of the shares of voting stock of the Corporation then outstanding.
Prior to the Distribution Date, the Rights will not be exercisable, will not be represented by a separate certificate, and will not be transferable apart from the Common Stock, but will instead be evidenced, with respect to any of the Common Stock certificates outstanding as of the Record Date, by such Common Stock certificate with a copy of the Summary of Rights to Purchase Series A Junior Participating Preferred Stock attached thereto (or in the case of uncertificated shares of Common Stock, by book-entry account that evidences record ownership for such shares). Until the Distribution Date (or earlier redemption, exchange or expiration of the Rights), new Common Stock certificates issued after the Record Date will contain a legend incorporating the Rights Agreement by reference, or, in the case of uncertificated shares of Common Stock, such legend shall be included in a notice to the record holder of such shares. Until the Distribution Date (or earlier redemption, exchange or expiration of the Rights), the surrender for transfer of any of the Common Stock certificates outstanding as of the Record Date (or the effectuation of a book-entry transfer of shares of Common Stock), with or without a copy of the Summary of Rights attached thereto, will also constitute the transfer of the Rights associated with the Common Stock represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights (“Right Certificates”) will be mailed to holders of record of the Common Stock as of the close of business on the Distribution Date, and such separate certificates alone will evidence the Rights from and after the Distribution Date.
The Rights are not exercisable until the Distribution Date. The Rights will expire upon the close of business on the earliest to occur of: (i) January 29, 2018 and (ii) the date on which the rights are redeemed or exchanged by the Corporation in accordance with the Rights Agreement.
Shares of Preferred Stock purchasable upon exercise of the Rights will be non-redeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred shares, will be subordinate to any other series of the Corporation’s preferred shares. The Preferred Stock may not be issued except upon exercise of Rights or in connection with a redemption or exchange of Rights. Each share of Preferred Stock will be entitled to receive when, as and if declared by the Board of Directors, a quarterly dividend in an amount equal to the greater of $1.00 per share or one thousand (1,000) times the cash dividends declared on the Common Stock. In addition, the holders of the Preferred Stock are entitled to receive one thousand (1,000) times any non cash dividends (other than dividends payable in equity securities) declared on the Common Stock, in like kind. In the event of the liquidation of the Corporation, the holders of Preferred Stock will be entitled to receive, for each share of Preferred Stock, a payment in an amount equal to the greater of $1,000 or one thousand (1,000) times the payment made per share of Common Stock. Each share of Preferred Stock will have one thousand (1,000)
3
votes, voting together with the Common Stock. In the event of any merger, consolidation or other transaction in which Common Stock is exchanged, each share of Preferred Stock will be entitled to receive one thousand (1,000) times the amount received per share of Common Stock. The rights of Preferred Stock as to dividends, liquidation and voting are protected by anti-dilution provisions.
The Exercise Price and the number of shares of Preferred Stock issuable upon exercise of the Rights are subject to certain adjustments from time to time in the event of a stock dividend on, or a subdivision or combination of, the Common Stock. The Exercise Price also is subject to adjustment in the event of extraordinary distributions of cash or other property to holders of Common Stock.
Unless the Rights are earlier redeemed or exchanged, in the event that a person or group becomes an Acquiring Person, the Rights Agreement provides that proper provisions will be made so that each holder of record of a Right (other than Rights beneficially owned by an Acquiring Person and certain affiliates, associates and transferees thereof, whose Rights will thereupon become null and void), will thereafter have the right to receive, upon the exercise of each outstanding Right and payment of the Exercise Price, that number of shares of Preferred Stock having a fair market value determined in accordance with the Rights Agreement at the time of the transaction equal to approximately two (2) times the Exercise Price (such value to be determined with reference to the fair market value of the Common Stock as provided in the Rights Agreement).
In addition, unless the Rights are earlier redeemed or exchanged, in the event that, after the time that a person or group becomes an Acquiring Person, the Corporation were to be acquired in a merger or other business combination (in which any shares of Common Stock are changed into or exchanged for other securities or assets) or more than fifty percent (50%) of the assets or earning power of the Corporation and its subsidiaries (taken as a whole) were to be sold or transferred in one or a series of related transactions, the Rights Agreement provides that proper provision will be made so that each holder of record of a Right (other than Rights beneficially owned by an Acquiring Person and certain affiliates, associates and transferees thereof, whose Rights will thereupon become null and void) will from and after such date have the right to receive, upon payment of the Exercise Price, that number of shares of common stock of the Principal Party (as such term is defined in the Rights Agreement) having a fair market value at the time of such transaction determined in accordance with the Rights Agreement equal to approximately two (2) times the Exercise Price.
At any time after any person or group becomes an Acquiring Person and prior to the acquisition by such person or group of fifty percent (50%) or more of the outstanding voting shares, the Board of Directors of the Corporation may exchange the Rights (other than Rights owned by such person or group which will have become null and void), in whole or in part, for shares of Common Stock in accordance with the Rights Agreement.
Fractions of shares of Preferred Stock (other than fractions which are integral multiples of one one-thousandth (1/1000) of a share) may, at the election of the Corporation, be evidenced by depositary receipts. The Corporation may also issue cash in lieu of fractional shares which are not integral multiples of one one-thousandth (1/1000) of a share.
At any time prior to such time as any person or group becomes an Acquiring Person, the Board of Directors may redeem the Rights in whole, but not in part, at a price of $0.01 per Right,
4
subject to adjustment (the “Redemption Price”). The determination of the Board of Directors to redeem the Rights may be made on such basis and be subject to such conditions as the Board of Directors, in its sole and absolute discretion, may establish. Immediately upon the effective time of the redemption of the Rights, and without any further action and notice, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. At the option of the Board of Directors, the Redemption Price may be paid in cash to each Rights holder or by the issuance of shares of Preferred Stock or Common Stock having a fair market value, determined in accordance with the Rights Agreement, equal to such cash payment.
For as long as the Rights are then redeemable, the Corporation (at the direction of the Board of Directors in its sole and absolute discretion) may amend the Rights Agreement in any manner without the approval of any holders of the Rights. At any time when the Rights are not then redeemable, the Corporation (at the direction of the Board of Directors) may amend the Rights Agreement without the approval of any holders of the Rights (i) to cure any ambiguity, (ii) to correct or supplement any provision contained in the Rights Agreement that may be inconsistent with any other provisions in the Rights Agreement or may be otherwise defective, (iii) to shorten or lengthen any time period in the Rights Agreement or (iv) in any way that will not materially adversely affect the interests of the holders of Rights (other than an Acquiring Person or any other person in whose hands Rights are null and void under the provisions of Section 7(e) of the Rights Agreement). No supplement or amendment shall be made which (a) changes the Redemption Price, (b) causes the Rights Agreement to again become amendable other than in accordance with Section 26 of the Rights Agreement or (c) causes the Rights again to become redeemable.
Until a Right is exercised, the holder, as such, will have no rights as a stockholder of the Corporation, including, without limitation, the right to vote or to receive dividends.
The Rights will have certain anti-takeover effects. The Rights will cause substantial dilution to any person or group that attempts to acquire the Corporation without the approval of the Board of Directors. As a result, the overall effect of the Rights may be to render more difficult or discourage any attempt to acquire the Corporation even if such acquisition may be favorable to the interests of the Corporation’s stockholders. Because the Board of Directors can redeem the Rights, however, the Rights should not interfere with a merger or other business combination approved by the Board of Directors.
The Certificate of Designations of Series A Junior Participating Preferred Stock and the Rights Agreement (which includes the form of Certificate of Designations of Series A Junior Participating Preferred Stock as Exhibit A to the Rights Agreement, the Summary of Rights to Purchase Series A Junior Participating Preferred Stock as Exhibit B to the Rights Agreement and the Form of Right Certificate as Exhibit C to the Rights Agreement), are included as Exhibit 3.1 and Exhibit 4.1, respectively hereto and are incorporated herein by reference. The foregoing summary of the Rights Agreement and the Certificate of Designations of Series A Junior Participating Preferred Stock does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Rights Agreement and Certificate of Designations of Series A Junior Participating Preferred Stock attached to this report. For a full description of the terms of the Rights, investors are encouraged to carefully review the Rights Agreement and its Exhibits.
FXCM STAYING AHEAD OF GAME... SAYING... YES WE ARE A $12.00 STOCK NYSE TRADED FOREX BROKER
FXCM: Disclosure Regarding Forward-Looking Statements
The following excerpt is from the company's SEC filing.
FXCM Inc.(NYSE:FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, g old, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research throughDailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all.Read full disclaimer.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. FXCM Inc. next reports earnings on March 04, 2015.
This might just bounce between $2.00-$3.00 in a stalemate until the loan is paid off.
My one Regret ... is not buying more FXCM. I wished (and realistically if I had more funds) I loaded up more a day or two ago on the dip. This stock is going up to $5.00+. The massive accumulation yesterday said it all. More and more buyers, retail and big money, are holding.
Look at the PM. Already up to $2.60 today. A solid base is locked in at 2.38-2.40ish and this stock, as we have seen, can go high and quick.