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Re: Sojourner55 post# 313755

Saturday, 10/03/2020 11:45:16 AM

Saturday, October 03, 2020 11:45:16 AM

Post# of 703795
Works fine in theory, at least to start. There are some regs (ex: creeping tender) to keep in mind. There are levels where SEC disclosure would be required. There may be company bylaw issues about how much an entity could acquire.

Even simpler, a company could buy warrants or shares now.

Be aware that some (no idea what percentage after all the modification deals) of the warrants may be exercised cashless.

The reality is that the suggested scenario is not likely. If an outside company wanted full or even partial control, they have to deal with LP and her hand-picked Board. If someone she did not favor bought 10%, she could issue herself supervoting Preferred (already authorized) to maintain ultimate control.
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