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OhManIDied

01/05/18 6:55 AM

#13107 RE: CL101 #13105

CL, if I am reading it correctly, the change of control clause is intriguing as it essentially forces any note holders who may conceive of a path to M&A to convert their more to shares regardless of their warrant price. They risk missing the big payoff if they don't.

Of particular interest is the last item: instance (e), which states that a binding agreement by the company with another entity will suffice as an acceptable event to trigger a change of control as would any other previously mentioned instance (a) through (d), all of which are the more obvious and clear changes of control.

OMID
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madg

01/05/18 8:32 AM

#13113 RE: CL101 #13105

Can you please tell me when I ever posted about a company called alon energy? You are flat out lying like usual just like you did on gbsn when you managed 2 accounts on that board. Surprise surprise you accused me of the same things there too. How did that one pan out?

Two layers of protection.....lol. Layers protected by magna and Anson.
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dp60

01/05/18 9:23 AM

#13116 RE: CL101 #13105

CL101,

Imo, that paragraph is just defining the meaning of takeover events. the reference to conversions is part of establishing relevant thresholds that would indicate or clarify if a takeover has or will occur by an external party. I suspect this is more or less boiler plate language, that also addresses changes in board, etc. I don't see any specifics there or info related to conversions that are specific to this deal. Would like to hear from a pro who reads this stuff all the time.

glta
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dp60

01/05/18 9:56 AM

#13119 RE: CL101 #13105

I like this checklist from CL101:

"Current status:

Zimmer Japan Loan - check

Zimmer Spine HQ - check

Zimmer new CEO - check

Zimmer new Spine President - check

Hercules gone - check

Financial Statements Restated & Fully Audited - check

AMDA - loss EPS is so close to $0 - check

Clean Capital Structure - check

2018 Trump Tax Benefits - check

etc...

so ready! "