InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,757.40
(
0.18%
)
Post# of 8307
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

philipmax

Send PM Follow Ignore
Followers 5
Posts 537
Boards Moderated 0
Alias Born 05/26/2010

philipmax

Re: linda1 post# 6317

Wednesday, 01/25/2012 2:43:59 PM

Wednesday, January 25, 2012 2:43:59 PM

Post# of 8307
Linda,
I think that what was meant by this was that DIME/WMI could use the 15% proceeds from the Award for any corporate reason whatsoever.

As opposed to having to use these proceeds for , say, repurchase of their own stock (which possibly may have been diluted by the issuance of shares to the LTWs).

So, this was to ensure that there is no strings attached to the windfall of 15% of approx $60mil (example:if the Award was $400mil).

Really not so important for LTWs to be concerned with.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up