Francesca's Holdings Corp fka FRANQ

[dubey]

T, can you explain this in further detail from the 8-K:

"With respect to any person or group of affiliated or associated persons that beneficially owns 15% or more of the outstanding shares of Common Stock prior to the issuance of the press release announcing the adoption of the Rights Agreement, such person or group of affiliated or associated persons will become an “Acquiring Person” only after becoming the beneficial owner of any additional shares of Common Stock, subject to certain exceptions."

My understanding is that C.R. would be unable to purchase anymore shares, w/o triggering the right. Of course they end that statement with "subject to certain exceptions," by adding the little blurb it just leaves me a little confused. Is the pill something that is automatically triggered or a board discretion thing? I have been averaging down since you put me on this stock, I appreciate all your work and look forward to the gains. Today's announcement was great news, I just need some clarification on what this means for C.R.