Well, from the Information I received, the choices are each share of TWC can be converted into $100 in cash and 0.48908178 (Seriously??!!!) of a share of new charter class A common. The second option is $115 in cash and 0.41249604 new charter..wth. Your choice...if you do nothing ahead of time, then I think you get the former, but not 100% sure. The paperwork I have says 27 April is the deadline.
I think I am just going to sell what I have now...it is all taxable anyways I think, TWC has gone Ex Div, so I will still get that, and then I will not have to deal with trying to figure it all out.
Of course I could be in error based upon my understanding, so I make no claims and confirm the information yourself!
I will be surprised if it does...when terms such as "default" are thrown out there in releases, it seldom results in a positive movement in share price. Bashers and shorts may be losers, but they are profiting more than the pumpers and longs...ultimately that is all that matters.
Yes have owned this for longer than I can remember when it seemed like their blood business was doing well. Saw a nice rise in the share price to as high as three, made some money, but continue to hold shares. I have accumulated over time banking on a turn around. Hopefully this is the moment we have been waiting for!
I sure hope so. I look forward to the continued progress and subsequent on time earnings reports. Once is luck, twice is coincidence, three is validation... Lol Time will tell.
Well, since I expect to see these reports every quarter, I was shocked.. I think this is the first "on time" report in I don't know how many quarters. Hopefully they have turned the quarter and will continue the momentum.
Wow, I was amazed to see a release. Nothing much to compare it to, so I guess it sounded okay...all the typical buzz words though..Time will tell for sure..just happy to see it up and hopefully it keeps going. I am still having visions of 3 bucks a share once again.