claphands22 Posted August 22, 2009 Share Posted August 22, 2009 SNS/WEST $8.11 debentures - Will they be publicly traded? Link to comment Share on other sites More sharing options...
link01 Posted August 22, 2009 Share Posted August 22, 2009 claphands, i think we need to wait for the proxy. right now all we have is a letter of intent. Link to comment Share on other sites More sharing options...
Zorrofan Posted August 22, 2009 Share Posted August 22, 2009 There was some talk about asking Sardar about an all-stock option instead of the debentures. Has anyone heard anything more on this? cheers Zorro Link to comment Share on other sites More sharing options...
link01 Posted August 22, 2009 Share Posted August 22, 2009 There was some talk about asking Sardar about an all-stock option instead of the debentures. Has anyone heard anything more on this? cheers Zorro my guess, & i emphasize guess, is that the all-stock option is & remains only talk. sns is probably trading at a far enough price below intrinsic val that sardar wouldnt consider issuing new sns stock here...unless it was thru a rights offering in which he personally planned to partcipate in order to maintain his pro-rata ownership percentage constant. by setting a stock exchange ratio between west & sns he would be showing more of his hand vis a vis valuation, both relative & by extension absolute, than he wishes to reveal. again, this is only speculation on my part. in the meantime it looks like insiders (mustang 2 & lion fund) are continuing their buys & solidifying their ownership. and, since when has there been a mustang 2 fund? Link to comment Share on other sites More sharing options...
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