Replies to post #35376 on $b_rich$'s Penny Bank Stocks

[Hanibal]

It is my understanding that the majority owners (St. George and Dove) have the option to force the company to buy 11,142,392 shares of their own common stock during a "Put Exercise Period" which was amended today to be from April 1 2017 - September 30, 2017.

Out of these 11,142,392 shares:

- 278,926 shares to be bought back for $1.02
- 774,151 shares to be bought back for $0.20112
- 10,089,315 shares (the remainder) to be bought back for $1.26

Someone could correct me if I am wrong