Just left drive thru getting two senior coffees: One was black the other ordered with two sugars. The service window person asked what was to be in the two sugar order. He then opened the top saw it was cream and said it was wrong and he would be right back. He delivered and I drove off thinking how good it is to be a shareholder of this great service company.
Later I found the two sugar coffee was actually two cream. So, this story is both good and not so good. Love the dividend. Larry in Pigeon Forge
About 34% of the shares were offered for redemption through the tender offer. Only 12% of the 34% we accepted and actually redeemed. The details are below.
As of Friday, March 15, 2013, 40,048,136.09 Fund shares were outstanding. Approximately 13,848,020 shares were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer. The repurchase amount of 5% of Fund shares represents approximately 2,002,407 shares outstanding. The final pro-ration calculations resulted in 285,027.0195 odd lot shares and 13,562,993 non-odd lot shares validly tendered. Under final pro-ration, 12.6622% of the non-odd lot shares tendered were accepted for payment. The shares accepted for tender will receive cash at a repurchase offer price of $23.4024, which is equal to the Fund's net asset value per share of $23.88 as of March 22, 2013, less a repurchase fee of $0.4776 per share. Cash payment for the repurchased shares will be issued on or before March 28, 2013. All shares tendered and not repurchased by the Fund will be returned to stockholders as promptly as practicable. After the repurchase offer, the Fund will have approximately 38,045,730.07 shares outstanding.
I'd like to understand better your statement about the bitcoin float against currencies (whatever that is) and why that points to higher gold/silver prices. Thank, I am wanting to learn.
What am I missing here? When is a bonus of 100% deemed acceptable? What happened to a bonus of 10-15%. Is the pay standard without bonus that low? What game is being played here?
Tell me what I am missing here?
RE: I still think there is growing to do in India, and I'd like to get a mutual fund rather than buy individual stocks. If anyone has any suggestions for funds, I'd appreciate hearing them.
I am taking the company up on the tender offering for 3/15/13. As I read and understand, it will pay on a per share basis the net asset value which is about 10% higher than the market price the stock historically trades at. This tender offer is supposed to be repeated every 3 months. I put 1/3 of my shares into it to see how it goes. I agree, the consistency and reason for the market price to lag the NAV is a mystery.
Talk to your broker. I use Vanguard and I can tell them online to sell all, some value, or some quantity. Talk to you broker. Yours may have different requirements.
Looks like a scam from the comments by others which read: thanks, worth checking, love it, I agree, good report, thanks just rec'd, helpful, good to know, etc, etc....
These are dead give aways that the message board has been penetrated. Avoid.
Sentiment: Strong Sell
With the string of pump pump and hip hip huray messages on CEF message board, I would advise all to avoid clicking on the URL given. Seems like good chance of picking up a virus or something bad. Be your own judge. I am avoiding it.
If someone wants to give me good news, they can copy the lot of it and post it right here without requiring further action like clicking on an unknown website. Just my opinion. OEB