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Enterprising Investor

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Enterprising Investor

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Re: h_man_investor post# 1618

Tuesday, 08/24/2010 6:55:20 PM

Tuesday, August 24, 2010 6:55:20 PM

Post# of 1731
Do they really have a choice?

"On the ninth anniversary of issue (5/07/16), the Convertible Cumulative Participating Preferred Shares automatically will convert into an aggregate of 150,000,000 ordinary shares if not previously converted. SKRRF is not required at any time to redeem the Convertible Cumulative Participating Preferred Shares for cash, except in the event of a liquidation or a change-in-control event."

Absent liquidating the business or giving up control, conversion will occur.

I think management will once again attempt a SKRUF tender offer.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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