Replies to post #27672 on Signature Devices Inc. (SDVI)

[Somatochlora]

You don't sell and then buy on your own. Graffitti submits a tender offer and you sell your 200 shares to them and instead of giving you money, they give you a share of graffitti.

[Tuulikki]

Re

"Didn´t know that we could exchange SDVI for Graffiti on a 1/200 basis, after the IPO. That makes the deal even better."


The offer to tender 200 SDVI for 1 Graffiti will occur before the IPO. The new Graffiti shares will then show up in your account at the time of the IPO. Sorry if I mislead you. As far as I know no actual dates for the Tender have been set yet.

I think Ken has set this up to encourage people to hold the stock because if you intend to hold it makes little difference what price SDVI shares reach by Friday (Unless they go over the dividend + Tender offer of approx $1.27)