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Re: Sam81 post# 90264

Monday, 08/29/2016 2:33:12 PM

Monday, August 29, 2016 2:33:12 PM

Post# of 429540
I think that weird disclaimer about the converts means something - as in the new shares will not start trading on 9/12:

The ADSs issuable upon exchange of the 2014 Notes and 2015 Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration requirements.





ADSs != ADRs, which is how AMRN stock trades in the US. There has to be some kind of registration rights agreement between the company and the note holders that specifies a lock-up period and obligates the company to register the shares after a certain amount of time passes - might even include words that the note holders can't short against the box - one can hope, eh? I've seen that sort of language before, not that I believe it actually prevents the practice IRL.

The Thought Police: To censor and protect. Craig Bruce

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