Replies to post #260396 on The Golden Lounge

[swampboots]

That is why I repeatedly fell on my own knife, and will get an indelible tattoo on my forehead to declare it.

[Theo]

I suppose they're not locked into it but why file it anyway? They didn't know what the results were a week ago??

"An Extraordinary General Meeting of shareholders will be held in due course to approve the issue of Notes and warrants, as full conversion and exercise of these instruments (together with the shares issued under the Placement) would result in Ridgeback's shareholding in Prima exceeding the 20% takeover threshold."

[SSP]

I don't think they are getting $13.75 million worth of 2 cent converts, I think they are getting, "an issue of convertible notes", which could be simply 5 million more shares or the like.

[swampboots]

Can I invest in Ridgeback somehow?

http://www.insidermonkey.com/hedge-fund/ridgeback+capital+management/353/