Owner
Post by Franko10 ™ on Mar 3, 2005 5:50:46 GMT -5
I believe CMKX was becoming a prime target for a Hostile Takeover around 2003.
CMKX was seen as a "Sleeping Beauty" because of its huge potential, primed for a takeover but not approached by the acquirer...(possibly Debeers)
I believe Urban used the Poison Pill strategy with the help of Roger Glen who I think has been on board longer than we think or announced in the PR… thinking 2003…<br>
1) "Poison Pill" Strategy
This strategy is used by corporations to discourage a hostile takeover by another company. The target company attempts to make its stock less attractive to the acquirer.
=> Possible reason why we became non-reporting.
This tactic makes a hostile corporate takeover prohibitively expensive, where the company's stockholders are offered shares of stock at a bargain price in the event that a single suitor acquires a high percentage of the stock.
=> The potential acquirer needs to obtain just over 50% to gain control of the board. By making more shares cheaply available to investors they are in turn diluting the shares held by the competitors (acquirer). As a result, the competitor's takeover attempt is made more difficult and expensive
· CMKX issues a large number of new shares to existing shareholders. These new shares usually have severe redemption provisions, such as allowing them to be converted into a large number of common shares if a takeover occurs. This immediately dilutes the percentage of the target owned by the acquirer, and makes it more expensive to acquire 50% of the target's stock.
· CMKX buys a number of smaller companies using a “stock swap”, diluting the value of the target's stock.
· CMKX buys the shares back and possibly retires them to treasury or just leaves them as outstanding.
=>I believe we had a ‘friendly’ MM (possibly JEFF) that helped in keeping the prices low so the shares were cheaply available thus diluting the shares of the company (in turn) the acquirer….
This I believe is part of the master plan!!!! KEY is the O/S and the Float that will be revealed to us followed by the Filling and off we go!!!!!
killachain
found by KSBRADLEY on 31,.. thanks!
CMKX was seen as a "Sleeping Beauty" because of its huge potential, primed for a takeover but not approached by the acquirer...(possibly Debeers)
I believe Urban used the Poison Pill strategy with the help of Roger Glen who I think has been on board longer than we think or announced in the PR… thinking 2003…<br>
1) "Poison Pill" Strategy
This strategy is used by corporations to discourage a hostile takeover by another company. The target company attempts to make its stock less attractive to the acquirer.
=> Possible reason why we became non-reporting.
This tactic makes a hostile corporate takeover prohibitively expensive, where the company's stockholders are offered shares of stock at a bargain price in the event that a single suitor acquires a high percentage of the stock.
=> The potential acquirer needs to obtain just over 50% to gain control of the board. By making more shares cheaply available to investors they are in turn diluting the shares held by the competitors (acquirer). As a result, the competitor's takeover attempt is made more difficult and expensive
· CMKX issues a large number of new shares to existing shareholders. These new shares usually have severe redemption provisions, such as allowing them to be converted into a large number of common shares if a takeover occurs. This immediately dilutes the percentage of the target owned by the acquirer, and makes it more expensive to acquire 50% of the target's stock.
· CMKX buys a number of smaller companies using a “stock swap”, diluting the value of the target's stock.
· CMKX buys the shares back and possibly retires them to treasury or just leaves them as outstanding.
=>I believe we had a ‘friendly’ MM (possibly JEFF) that helped in keeping the prices low so the shares were cheaply available thus diluting the shares of the company (in turn) the acquirer….
This I believe is part of the master plan!!!! KEY is the O/S and the Float that will be revealed to us followed by the Filling and off we go!!!!!
killachain
found by KSBRADLEY on 31,.. thanks!
