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Vestin Realty Mortgage I, Inc Message Board

  • jimgray30 jimgray30 Mar 19, 2012 8:53 AM Flag

    Merger - When will it happen?

    VRTB 10K: "Special Committee - The Board of Directors of the Company has appointed a special committee to evaluate and negotiate a potential stock for stock merger with Vestin Realty Mortgage I, Inc. The special committee held 10 meetings in 2011. The compensation that is being paid to the special committee is $60,000 plus $750 per meeting to the Chairman of the committee and $22,500 plus $750 per meeting to the remaining members."

    VRTA 10K: "Special Committee - The Board of Directors of the Company has appointed a special committee to evaluate and negotiate a potential stock for stock merger with Vestin Realty Mortgage II, Inc. The compensation that is being paid to the special committee is $17,500, plus $750 per meeting."

    "We are currently exploring the possibility of a stock for stock merger with VRM II. A special committee of our board of directors, consisting solely of independent directors, has been appointed to evaluate and negotiate the potential merger. The special committee has engaged independent financial and legal advisors to assist in this process. Any such proposed merger would be subject to the approval of our shareholders as well as the shareholders of VRM II."

    Why is this so complicated? Why can't they manage to complete this already?

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VRTA
1.53+0.01(+0.66%)10:50 AMEDT

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