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irondog

08/01/11 11:41 AM

#125580 RE: XenaLives #125575

Hostile takeover
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Toxic Avenger

08/01/11 11:42 AM

#125581 RE: XenaLives #125575

Not sure what you're talking about, but the poster suggested WM couldn't invest in JBII. Clearly they could, simply by buying shares on the open market or participating in the PIPE.

If you're suggesting that the company can refuse a PIPE investor (though why they would is beyond me), I'd be surprised. Surely they cannot refuse an open market buyer.