Replies to post #46493 on Aurora Acquisition Corp (AURC)

[snow]

joe

You need to have a formal justification for paying a certain group of shareholders more cash. The same thing is achieved by honoring the commitment of the past of issuing stock dividends to shareholders at a certain date.

[davewashdc]

I assume that the 10% comes out of the previous float still in the possession of the company. Does make a difference to the holders who officially owns them at the time of purchase. I know that I would be interested in having 10% more of the float at the time of all-shares purchase. Wouldn't you?

So I guess I still don't understand your point.

[jstick2000]

come on joe. You are kidding right?

[PASHA]

joe ,you must be joking ,read your post again and you might laugh

Simply pay those that were supposed to receive divis 10% more in cash.

Don't you know << if you don't own the shares -- you don't get the cash>>>

[bullbusch]

Not that easy Joe. I own way more shares now than I did on Feb 15. I only get 10% on the shares I owned then. The math still has to be done. Also, if there is cash per share and merger deal (either on the table or in the works) you need to have the shares officially received. Also, the dividend procedure was initiated a long time ago, not yesterday. Also, whereas a buyout deal may be accepted this week, usually there is a later date involved when the deal actually closes based on both parties meeting certain conditions including installments of cash, transfer of records, etc.
So, the fact the the divi matter is being handled now actually points to the likelihood of a buyout and not the opposite. It is basically a prerequisite to the closing of a buyout deal.

[Jimmy Quick]

So they are suppose to figure out which shares people are holding are worthy of a dividend and try to sort that all out with 10% calculations. Not making much sense right now joenatural.