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nsomniyak

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nsomniyak

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Re: tutt1126 post# 8938

Tuesday, 06/30/2020 1:51:59 PM

Tuesday, June 30, 2020 1:51:59 PM

Post# of 9365
Elliott will benefit the holders of NEW equity shares. That is different than saying that Elliott will benefit current shareholders.

Legacy shareholders won't get new shares, they will get a RIGHT to buy them at some as-yet-unspecified price. Whether this is a good deal for legacy shareholders depends on the parameters of those rights, whether that news stock appreciates, and whether you have the cash needed to exercise your rights.

I wonder if the rights will trade publicly for some period of time before/after the new shares are issued?

If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!

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