Shareholder rights plan

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bananaboy

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Shareholder rights plan

posted on May 25, 2010 07:39PM

SPQ has a shareholder rights plan already. Worth reminding people of this in view of KWG's announcement of their plan.

SPQ's plan gives 1 right for another share to each share held by all except the hostile bidder. Probably KWG's plan will be similar, if not identical.

Imagine how potent this plan would be if the directors could have got the go-ahead to combine it with a reverse split.

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