Tuesday, August 22, 2017 9:02:51 AM
The PPS won't really move until real tangible visibility to the new partner and some public disclosure on what is going to happen to the A/S and O/S shares. If Pfd stock is used for the merger partner and there is a 6 month, 12 month or longer hold on conversion (if convertible) then there is a chance of some sort of a run.'
If there is any sense of dilution, then this goes nowhere.
Can't have IVS viewed as a dilution machine to fatten their own pockets at the expense of current shareholders. I am not saying they will, but caution is advised. We must see whether their rhetoric matches their actual deeds. Words are great - but actions are what counts.
I just hope they have been the purchasers of the cheap shares.
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