WSTL - Westell Technologies, Inc.

[frommi]

following https://finance.yahoo.com/news/board-directors-westell-technologies-inc-200110056.html?.tsrc=rss shareholders holding less than 1000 shares will be cashed out at 1.48$. Might be an option to make some quick and safe bucks on Monday morning. Has someone experience with these kind of opportunities?

 

[AG]

Parker Drilling did something similar recently. They ended up changing the the number of shares that would be cashed out and have had a few issues that have resulted in payment not being made yet (but it is expected now soon).

 

Note that the cash out might not affect shares in "street name":

"If consummated, the proposed transaction would apply directly only to record holders of the Company’s common stock.  Persons who hold shares of common stock in “street name” are encouraged to contact their bank, broker or other nominee for information on how the proposed transaction may affect any shares of the Company’s common stock held for their account."

 

 

 

[gfp]

You only stand to make ~$600 per account right?  Didn't you hear the US Government will send you $600 per week for doing nothing these days.

[bizaro86]

Parker Drilling did something similar recently. They ended up changing the the number of shares that would be cashed out and have had a few issues that have resulted in payment not being made yet (but it is expected now soon).

 

Note that the cash out might not affect shares in "street name":

"If consummated, the proposed transaction would apply directly only to record holders of the Company’s common stock.  Persons who hold shares of common stock in “street name” are encouraged to contact their bank, broker or other nominee for information on how the proposed transaction may affect any shares of the Company’s common stock held for their account."

 

 

Parker drilling initially said they were only paying out registered holders, and have now changed. But this seems quite a bit more specific that they aren't paying street name shareholders than the Parker filings were.