Thanks. Makes me feel better that I bought some more today. I'm still in a hella hole though... :(
There is at least one pending. But Geiger is back now - that was under the prior clowns... They also fought (an apparent) takeover when the price was $24+ Google: aeropostale girding for buyout buzzards
Thanks for your response. We're in it anyways, and have been for some time, so we have got it so hard I can't sit down, but I'll continue to hold anyways, even though I'm numb... :)
Hi Sly, I just posted this question on another thread, but I wanted to ask you too - I'm a holder of Common, and presume you are too. So, given the last BK Plan I read was going to cancel the Common, why are you so optimistic? What am I missing? Thanks!
Forgive me, I'm a (bag)holder of Common, and (without reading all your previous posts) presume you are too. Given the last BK Plan I read was going to cancel the Common, why are you so happy? What am I missing? Thanks!
I know right, weird... Given I can't find ANY information about it, and that I've taken it in the date for so long, I'm going to keep holding I guess...
I have the same email from Scottrade. There is apparently a Mini-Tender Offer out there. I can't find any other information either, and I been lookin'.
From the SEC, in relation to Mini-Tender Offers in general:
"Mini-tender" offers are tender offers that, when consummated, will result in the person who makes the tender offer owning less than five percent of a company’s stock. The people behind these offers—also known as "bidders"—frequently use mini-tender offers to catch shareholders off guard. They count on investors jumping to the conclusion that the price offered includes the premium usually present in larger, traditional tender offers. But with mini-tender offers, the price offered may actually be below the market price.
Bidders in mini-tender offers limit the offer to five percent or less so that they do not have to comply with many of the investor protections that are in place for larger tender offers made by bidders whose total ownership after the offer, when added to their holdings before the offer, would exceed five percent. For instance, shareholders in mini-tender offers don’t receive documents that describe the tender offer in the same detail as documents that are required to be filed in a traditional tender offer. Bidders making mini-tender offers also do not have to file documents with the SEC or provide withdrawal rights to investors who tender their shares into the offer.
Investors who surrender their shares without fully investigating the offer may be shocked to learn that they cannot change their minds and withdraw. In the meantime, they’ve lost control over their securities and may end up selling at below-market prices."