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Ultrapetrol (Bahamas) Ltd. Message Board

  • foo_star foo_star Nov 13, 2012 10:46 PM Flag

    $2.00/share for 78%, then table scraps

    Two bucks. Then only if SC turns out to have made a killing do current shareholders get some table scraps. If no killing, then maybe two bucks is it. For those in at 2 and under (including me, though I recently bailed out of much of it) then 2 may be a nice exit, but for earlier believers - well...

    " if Southern Cross achieves certain investment returns and certain other conditions are met, such existing shareholders may acquire all the economic interests in an affiliate of Southern Cross that will own up to approximately 14.6% of Southern Cross' investment in Ultrapetrol and share in a portion of Southern Cross' returns above a particular threshold."

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