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ChipMOS TECHNOLOGIES (Bermuda) LTD. Message Board

desertrat9856 5 posts  |  Last Activity: May 5, 2015 12:39 PM Member since: Mar 3, 2011
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  • Reply to

    Buyout

    by desertrat9856 May 5, 2015 10:16 AM
    desertrat9856 desertrat9856 May 5, 2015 12:39 PM Flag

    You would not have to short VNR just own LRE , and based on the price of VNR and the price of oil LRE should easily be over $9.00 now.

  • Reply to

    Buyout

    by desertrat9856 May 5, 2015 10:16 AM
    desertrat9856 desertrat9856 May 5, 2015 11:03 AM Flag

    Ok, cash flow guy , I hope that is correct , thanks for that clarification , and as far as lime rock , I think it may depend on the oil market at the time to determine how fast they sell, it could also present a buying op at the time who knows. Then for now , we simply want VNR to go as high as possible prior to conversion. Based on this , LRE should be even higher today , and should surpass the $8.93 price.

  • Reply to

    Buyout

    by desertrat9856 May 5, 2015 10:16 AM
    desertrat9856 desertrat9856 May 5, 2015 10:36 AM Flag

    Also, based on the price of VNR today , the conversion would give us a price of $9.64 , as we near the conversion date the gap should start to close, especially if VNR continues to go up. Is this your thesis ??

  • Reply to

    Buyout

    by desertrat9856 May 5, 2015 10:16 AM
    desertrat9856 desertrat9856 May 5, 2015 10:33 AM Flag

    I think you are wrong , but I hope you are correct , that would mean we would not be protected on the down side which would make no sense. I think the purchase price is pegged at 8.93 , if not Lre should be up more, it certainly would be up a lot more if there was no buy out just based on oil going up. So if you are corect we will get .55 shares of VNR regardless of the PPS of VNR at the time of conversion?? No one even knows when that is exactly,.

  • desertrat9856 by desertrat9856 May 5, 2015 10:16 AM Flag

    What I think a lot of people are overlooking is the fact the , I believe , the purchase price is pegged to the share price of VNR as of April 20 , we get .55 shares of VNR based on that. But should VNR run up do to the price of oil or NG , then the number of shares we get will be adjusted so we will still only get a value of $8.93 , we will miss any run up of either stock due to oil going up , which it is. Many of us held LRE knowing oil would rebound and it is but we will not be able to take part . Even if VNR pps goes up 10 points by the time of the conversion it will not help us . THAT should be the basis of the lawsuit , it is not , I have spoken to the lawyers , they do not even understand the terms of the buyout , neither do we , it should be spelled out to us. If I am wrong , someone please correct me.

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