Thanks, but NO thanks. For the time being I will keep my shares.
If I have to sell them, why wouldn't I be selling my shares on market instead of selling them to SOL? At least, I would get my money forthwith, (If I want my money in cash I would have to wait for 3 days, but if I don't, I can start allocating that money with other shares elsewhere as soon as I want to), without having to wait and see what SOL will plan to do.
A) If they won't reach the 90% I would then run the risk of only getting 19 cents per share. And
B) If they were to make the offer unconditional without reaching the 90% holdings which would then fail to trigger the 26.5% bid offer, I would run the risk of getting only 19 cents per share, or being left with some shares that may fall especially when DB is now in the market and they are very good at doing that.
Finally if they were to reach and own 70% of the company's shares, I would still be happy because they would still have to run EXS as a totally separate entity to their own. And, if they plan to make some profits, like all companies do, so will I. They can't just transfer all the profits directly to SOL's coffers without distributing it properly to all other investors as well.
For now, I will continue to hold but, if I decide to sell, I will sell on market unless of course we will get a better offer.
EXS Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
