Re: Share buy back topic./ Larry-Joe.Gil
in response to
by
posted on
Feb 10, 2010 02:37PM
"In short, if my recollection is right, RP has said over time that $21/share for EDIG with the current number of shares, which places the company value near its hights of $6.3 billion is the "POISON PILL" any take over parties have to swallow if they had hostile take over ideas..."
This is the part that confuses me.
There is about 95% of the shares owned by the public, so how can EDIG demand $21? I know it was said at the 2008 SHM, but if EDIG was offered a price per share of any value, it would have to be voted on by all the holders. This very question was asked by jonthezman when we visited RP 9/17/09. Q: if Samsung made an offer to buy us, what would you do? A: we would have to bring it to a vote by the stock holders.
Just show me a nice offer with a proxy notice for my 3 accounts and I can handle the rest. Show me the money.