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Re: Mattu post# 21406

Thursday, 12/22/2005 10:53:46 AM

Thursday, December 22, 2005 10:53:46 AM

Post# of 27114
Any emailed reports of problems? If not, I'll go ahead and yank the password prompt off the account management screen.

Edit: Out my ELN trading shares yesterday at $13.13, basis $12.89.

Look at SFCC. I read the overview of the stockholders rights plan that's causing this pop. Smoke and mirrors, IMO. My wife worked at a company that had a poison pill in place for shareholders to benefit from a takeover (which happened), and I've seen other poison pills. I don't think I've seen any *this* poisonous, though. It reads to me like they've made it so a takeover can't happen because, no matter how much the stock is trading at at the time, the takeover makes it a double.


Edit 2: I forgot to take into account the $130 exercise right of the option to purchase double the shares for the current price. Not sure how to factor that in. Does it put a floor under the stock? A ceiling over it?

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