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Thanks tt , not quite what I meant.Right now there maybe someone...

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Mirabiledictu1

1,420 Posts.

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19/06/20

09:46

Post #: 45317177
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Originally posted by tt2000: ↑

I can't see it helping

Say a buyer is going to pay $35M to equity in takeover

7m shares = they pay $5.00 a share
7.7m shares (10% more because of incentive plan) = they pay $4.67 a share

The acquirer will ascribe a value to equity and then divide that by the shares outstanding.

The incentive plan means we would simply get less.

The buyer isn't going to adjust their offer because of the Incentive shares, they don't care, it just will be lower.

The incentive plan is just simply bizarre. I can't comprehend how anyone can think they just get 10%. I'm actually going to change my vote on the directors. That they suggested something this pathetic warrants a change. They are just greedy.

Go find another job elsewhere

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Thanks tt , not quite what I meant.
Right now there maybe someone who has bought up big and wants to take control , by seats on the board.
SEA Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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