Possibly. But shareholder's rights agreements take on many different forms. The key to theirs is this statement... "At the discretion of the Board of Directors, this may be a cashless exercise whereby shareholders are given preferred shares without requiring cash payment." That's basically saying, we are a small group of officers/directors and in the event of an attempted takeover, we will provide these shareholders of record enough preferred shares to maintain a majority of ownership and dilute the effect of the party attempting to acquire.
What makes it interesting is the entry point of .15. Hmmmmmmm...
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