By 12/31/14 you have the opportunity to convert you WHLRP into WHLR common 5 for 1 at a fee of $25
Right now WHLR is at $4.15. If you had 100 of WHRLP you can convert it to 500 shares of WHLR.
500 times $4.154 times 5 would cost $2075 which is cheaper than 100 shares of WHLRP ($2300).
therefore as of now not good o convert.
Just keep multiplying 500 times current price of WHLR; if it gets higher than cost of 100 shares of WRHLP then its time to buy WHLRP.
offer expires 12/31/14 and will cost you $25 to do the conversion, which you also have to add into the calculation.
If my numbers are wrong please let me know. I think I got this right.
Hey, I just followed your lead and looked at IMSC. Not too shabby. New contracts but no price movement..
Do you know why? Better yet, rather than #$%$ everybody here on ASEI board, see you on the IMSC board.
I am interested and do believe it's companies like this that are causing ASEI grief.
IMSC now at 1.28. Why still low?
I was talking about the up and coming war of words and changes in positions which you so aptly called the banana rodeo!! And sure enough there was plenty of it.
They own 3.5% of shares and are supporting the $14 Cutrale offer stating that the Fyffes offer will drop the stock $2 -$2.50 per share.
We are off and running!
FYI ! Slew is right again. They should have come in at least at $15 - $16.00. Read why below:
Investors such as Dublin-based Merrion Capital Group, which oversees $1.6 billion in assets, questioned whether the offer could persuade Chiquita's board and shareholders to side with Cutrale-Safra.
Cutrale-Safra's definitive bid "is significantly below an offer in excess of $16, which we felt would be required to match the economics of the Fyffes-Chiquita deal," Merrion said on Wednesday. Efforts to reach Merrion representatives for comment were unsuccessful.
"The agreed merger between Chiquita and Fyffes remains superior to today's unsolicited takeover offer from Cutrale-Safra," Fyffes Chairman David McCann said in a statement, adding that the implied present value of the ChiquitaFyffes deal ranges from $15.46 to $20.01 a share.
Known as a tough negotiator for the banking and real estate assets he buys, Safra, a Lebanese-Brazilian financier who is the world's richest banker, has struggled to convince Chiquita's board to accept his and Cutrale's offer, bankers with knowledge of the deal recently told Reuters. That was partly because potential cost synergies from the deal were not immediately clear for investors.
Faced with declining orange juice consumption globally, Grupo Cutrale is expanding into new regions and products after venturing into grain trading in recent years. The Cutrale family, who migrated from Italy in the first half of the last century, rose to prominence by massively exporting orange juice concentrate to the United States after frost destroyed most of Florida's citrus crop in the 1960
Deal is for all cash - no financing conditions! Talk about deep pockets. Slew you were right- Saffra has the juice.
Cutrale just came in with a $14 offer. Guess they were waiting for the sales results which were positive.
Counter offe coming? I was expecting $15. We'll see.
27m+votes voted for adjournment. Of the 47m shs outstanding, institutions hold approx. 38m
Somebody wants to entertain the higher price, no?
Who else would be doing the accumulation but Cutrale especially at the end of the day and price was up 1.57%?. Might the stockholders just take the $13 without Cutrale offering more? Will be watching..
I agree this is getting stale however, this is how big money operates - they have the resources to stretch these kind of things, strain your patience, and cause others to fold up or move on and then, wham comes the late entry. Most of South America is in difficult financial times and it might be affecting Cutrate-Safra. I think they still want the deal but something in their review is causing hesitation or flat out rejection.
I'll wait to see the share price action. Still think the shareholders want the more money and will vote that way. But it has to be min of $15.
The time for Brazil to take a shot is shortening. I cannot imagine any stockholder not wanting more money for this deal and because of that I am holding but not adding. They are playing a tight hand here but I'm thinking with the EU approval they also have clear sailing if they can get the stockholders to go for the money. I don't think $15 will get it anymore. Maybe $18.
Will the US regulatory clearance for Fyffes also apply to Cutrate or do the Brazillians not need it?
I liked the $14 holding in this market dropping environment.
" they do have a psychological effect on investors,"
Totally agree and that's the part that concerns me. Somebody has to be the smarter one here and not let this deal decay away like an over ripe banana.
The price drop clearly reflects our opinion on the current status and thinking..
Just holding for now; but finger on the trigger.
You are sick, uninformed, unintelligent, crass, common and out and out dumb. Your remarks says it all.