his last 13G states he owned approximately 7.8M shares . . . a big difference from what is reported in the court filings . . .
just restating what the filing states . . . and it was just published little over a week ago . . .
when you are looking for more cheap shares, in this case almost 10% below then that is not ineffective . . . to me at least . . .
Times and Dates
Number of calendar days from and including the commencement of the Offers (L)
Commencement of the Offers
Offers announced. Tender Offer Memorandum available from the Tender Agent and notice of the Offers published.
Wednesday 8 May 2013
Deadline for receipt of valid Tender Instructions by the Tender Agent in order for Securityholders to be able to participate in the Offers.
5 p.m. (London time) on Wednesday 22 May 2013
Announcement of Offer Results
Announcement of whether the Bank will accept for purchase Securities validly tendered pursuant to the Offers and the aggregate nominal amount(s) (if any) of each Series accepted for purchase by the Bank.
At or around 10 a.m. (London time) on Thursday 23 May 2013
Expected settlement date for payment by the Bank of the Purchase Price in respect of the Securities accepted for purchase.
Monday 27 May 2013
it will only get nationalized if they do not meet the recap requirements of 10% private funds . . . they have already indicated at least 12% participation . . .
The NYSE may commence delisting of our ADRs if the Bank fails to meet certain continued listing criteria, in particular the so-called "price condition". According to the "price condition", if the price of the ADRs falls below US$1 over a consecutive 30 trading-day period, the ADRs will be considered to be "below criteria" and subject to potential suspension and delisting procedures by the NYSE. On April 10, 2013, the Bank was notified by the NYSE that our ADRs were "below criteria" by virtue of the price of the ADRs. On April 17, 2013 the Bank notified the NYSE of its intent to cure the deficiency. In accordance with normal NYSE procedures, the Bank will have six months to take such actions required to bring the price of the ADRs back above US$1. If the price of the ADRs has not risen above US$1 over a consecutive 30 trading-day period within 6 months, the NYSE will commence suspension and delisting procedures.