My reading of the fine print is that if 90% of the
KIM's shares are in GEM 'bag' when the offer
closes on 2 November, I'll now get my money
seven (not 21) days later ie on 9 November.
But what happens to my shares (or money)
if the 90% trigger is *not* reached by
2 November remains a mystery.
GEM might extend the offer's closing
date or I might get my KIMs back.
But me having neither my shares nor
my money (while GEM has both)
is irritating - but predictable
given the way GEM drove
down KIM's price then
offered to buy KIM
for a pretend
premium.
Which I accepted (bent over a barrel) as
the best way to get shot of KIM and GEM
and get back to focusing on public
companies with integrity.
When all else fails...
... try group therapy.
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KIM
kimberley diamond company nl.
less time equals more gain, page-25
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