Hey guys;
Just a bit confused about this issue, firstly because I have never held a stock that has gone down this path before and secondly I am still relatively new to the market and unsure of some of the terminology being thrown around.
For what it's worth I hold a smallish chunk of this stock which I picked up late 2005 at 6.5c. I am hanging around for the long haul because I concur with what everybody at HC is talking about, ie, undervalued, good resource, savvy management, etc.
My concern is that with a spinoff of their U assets where are us holders left? Not that I disagree with the move it's just that I don't have spare cash sitting around at the moment with which to participate. I really don't feel like selling off any of my other stocks to finance it either, (given the low price I would get for them presently).
Can you folks confirm for me that in a spinoff situation the company selling it would retain a large share of the spunoff company and therefore be alligned with the performance of that entity? I ask this because whilst I can't afford to participate it sure as hell would be nice to see my holdings improve with the announcement.
Any thoughts would be appreciated. Dave.
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