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Enterprising Investor

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Re: Enterprising Investor post# 50

Wednesday, 11/23/2016 1:16:07 PM

Wednesday, November 23, 2016 1:16:07 PM

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Revised Rights Offering (11/22/16)

GEC will issue rights to holders as of the close of business on 11/23/16 to subscribe for an aggregate of up to 13,700,465 shares of common stock.

Each basic subscription privilege entitles the holder to purchase 1.3101 shares of common stock at a cash price of $3.285 per whole share. Holders that exercise their basic subscription privileges in full will also have over-subscription privileges, subject to proration.

Expiration is set at 5:00 p.m., Eastern time, on 12/23/16, unless extended.

https://www.sec.gov/Archives/edgar/data/1082506/000155837016010269/gec_currentfolios1.htm

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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