EXS 0.00% 26.0¢ exco resources limited

3m bought in one line @ 19.5, page-8

  1. 35,875 Posts.
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    "SAME GOES FOR ME that is why i BOUGHT more at .195
    you can only part with .005..... worth a gamble "

    It is possible you could lose more - If the company enacts one of the poison pill options then they can walk away from the deal - A buyback would be the most obvious one ( IMO )

    that's not to say it would go down just that it could go below 19c.

    Hoot

    Exco converts all or any of its shares into a larger or smaller number of shares;

    Exco or a subsidiary of Exco resolves to reduce its share capital in any way;

    Exco or a subsidiary of Exco enters into a buy-back agreement or resolves to approve the terms of a buy-back agreement under section 257C(1) or 257D(1)
    of the Corporations Act;

    Exco or a subsidiary of Exco issues shares or grants an option over its shares, or agrees to make such an issue or grant such an option;

    Exco or a subsidiary of Exco issues, or agrees to issue, convertible notes;

    Exco or a subsidiary of Exco disposes, or agrees to dispose, of the whole, or a substantial part, of its business or property;

    Exco or a subsidiary of Exco charges, or agrees to charge, the whole, or a substantial part, of its business or property;

    Exco or a subsidiary of Exco resolves to be wound up;
    the appointment of a liquidator or provisional liquidator of Exco or a subsidiary of Exco;
    a court makes an order for the winding up of Exco or a subsidiary of Exco;

    an administrator of Exco, or a subsidiary of Exco, is appointed under section 436A, 436B or 436C of the Corporations Act;

    Exco or a subsidiary of Exco executes a deed of company arrangement; or a receiver, or a receiver and manager, is appointed in relation to the whole, or a substantial part, of the property of Exco or a subsidiary of Exco.


 
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Currently unlisted public company.

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