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Schwab Intermediate-Term US Trs ETF Message Board

  • MCvalue MCvalue Aug 15, 2001 4:17 PM Flag

    how to get out with a profit

    Robert Scherer owns 60.4% of the shares. He controls the company. He will decide what happens to the share price by either: 1) selling out 2) buying out minority shareholders 3) starting to promote the stock

    The best thing that could happen is if Scherer decides to buyout the minority shareholders at $5 or $6 per share. It would not cost him anything. Enough cash in the company to do it.

    40% of 4.3 million shares at $6 would cost the company $10 million to get it private and 100% owned by Robert Scherer.

    If Robert Scherer dies that would also benefit shareholders as estate would probably have to sell out to a larger competitor.

 
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