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Emmis Communications Corp. Message Board

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  • cemadh_99 cemadh_99 Feb 3, 2012 4:16 PM Flag

    5500 pfd share holder joins lockup group!

    EMMS traded at $28.xx in Dec 2003 and at $10.xx in June 2007.
    No shareholder in his right mind will be outraged at any going private offer that is even a 70% haircut from those prices.
    What is the "face value" of the common then?

    If the preferreds are willing to accept 20% of peak traded market price in the last 5 years, I am willing (as a shareholder of the common) to accept 20% of the peak traded market price in the last 5 years :-)

    We can go around in circles with this....

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