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Trans World Entertainment Corporation Message Board

  • smaycs4 smaycs4 Jul 12, 2013 8:37 PM Flag

    Got the offer in the mail today

    Certain directors have indicated they will tender a total of up to 170,000 shares.

    Higgins "has not determined" whether he will tender or not.

    He owns 51.8% and could own 62.3% if he doesnt tender and it maxes out.

    Never seen one where the chairman did not know. I assumed it was a rule that they had to decide in advance.

    None of the other officers are tendering.

    So it seems the directors who own 170,000 shares have an incentive to raise the price. But, Im still kind of doubtful they will do that. I kind of think maybe they should...if they can buy a few million shares. But no more than $5.50.

 
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