Wednesday, January 31, 2018 7:19:54 PM
This is the second order point I made in one of my earlier post that, If all of Public Placement is bought by ATNX, they will have a simple majority vote for certain. Then ATNX makes an offer to minority, that minority may accept or reject. If they accept, its not an issue. However if they reject, in such a situation, with simple majority ATNX can vote to increase Authorized Shares outstanding, which will allow DCTH to privately sell more warrants to get get more than 2/3 majority to force the minority to sell in a DCTH Board accepted deal.The private Placement will be merely a recyle of cash back ATNX, but gives them needed votes to force a buy out of minority if they are disagreeable to a resonable offer.
At present they cannot have more than 500M outstanding including dilution.
The deal is imminent, I am not sure at what price but it will be certainly more than 5 cents due to Control Premium that ATNX will havr to pay to the minority.
Recent DCTH News
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/17/2024 04:48:32 PM
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