News Focus
News Focus
icon url

drifterfcrc

05/13/09 7:53 PM

#136296 RE: wEaReLeGiOn #136293

Call Jared and ask him. let the board know what you find out. TIA
icon url

Arnold25764

05/13/09 8:00 PM

#136297 RE: wEaReLeGiOn #136293

OUCH! That could drag the PPS down some more.
icon url

Jim Bishop

05/13/09 8:02 PM

#136299 RE: wEaReLeGiOn #136293

It can only be Rule 144 restriction, there's no other choices.

icon url

AceSpades

05/13/09 8:21 PM

#136325 RE: wEaReLeGiOn #136293

They were not specificially "restricted" but placed in an escrow type account as to no be available to EESO for release.

The perspective buyer effectivelly took those 300 million shares off the table so that EESO could not release them into the market or give them to an insider or vendor part way through the buyout negotiation when it became clear what price the buyer was offering for the shares.

This was a move done at the request of the buyer to protect them...its also protects against some very standard counter-buyout tactics.
icon url

fringe_remnant

05/13/09 9:51 PM

#136357 RE: wEaReLeGiOn #136293

Those 300MM Are Coming In, And More -e-