So If You Were John Malone…Your very first order of business would be ….?
I’ll go first. I would order the new board to vote unanimously and immediately to do a reverse stock split, and they would comply of course..
Costs and Documentation
Reverse stock splits are costly and require detailed filings with the respective stock exchange. NASDAQ requires a minimum of 15 days advance notice before the split takes effect and charges a $7,500 fee. The company must indicate in its notice whether the split was voted on and approved by shareholders or a vote of the company board. The United States Securities and Exchange Commission, which oversees corporate stock activity, indicates that shareholder approval is not required for a reverse stock split, but companies can instead notify shareholders of the move on its 8-K, 10-Q and 10-K form filings. Additional items included in the exchange filing are the ratio of the split, changes in outstanding shares and par value of the stock and any amendments to company articles of incorporation.
Market Notification
A reverse stock split could confuse the market without proper notification. Investors would see one share price the day before the effective date and a sharply higher price the next. NASDAQ adds a “D” to the company’s stock symbol for 20 days, beginning with the effective date, according to the NASDAQ OMX Listing Center. This helps investors know that a trade at that share price follows the reverse split.
And while the NASDAQ has certain rules for such actions, the change of control puts the new Board of Directors under no obligation really to apply those rules….It was early. I missed this little part of the 10K: ...
3 articles, impressive. Read all 3 and still not sure what to do.
r/s back on the table…which affects us how?
all those shares short will end up taking us down after an announced reverse split?
looking forward to your insight into what we should be prepared to do…or not do
good to have you back in force
why would Malone want to do this immediately?
BJM, nice to have your expertise back with us. Now we can get something going. I missed the articles and comments accompanying them. Looking forward to the new site. I do not have a good feel where we are going. My biggest worry is can Malone take advantage of the 50% he doesn’t own without also hurting himself. Other than the small premium he thinks he deserves if an RMT is done. Who/what would determine the price if he did a buyout? I am about half in LMCA for protection and because Warren Buffet bought Liberty instead of SIRI directly. Keep em coming. We need your insight more than ever now.
Why would Mel sell all in the $2s if he thought the stock was going anywhere?
Malone is about to break the backs of shareholders.
How and why?
Retail had Mel fighting for them. Why should Malone pay $4 when he can pay $2 or less after tanking the stock then sell off the spectrum
Thus the RS. Much easier to short at $15 than $3
Retail always loses in the end
If he does indeed R/S, coupled with share buyback, he could position himself for a straight buyout.
I wouldn’t mind as long as we ended up getting around $4 for our shares…
WTF,,,, its January 24 and finally in this new site
Man BM you pissed off alot including me, but at this point i again
owe you an apology
thought you took the money and ran , but had to assume since i paid for this site
in mid November
anyway, back in the saddle
good luck all!
Ok question, after reading that…. What is BM saying is going to happen? R/S, buy back and buyout all in one shot? Confussed
I am logged in yet I can not access complete articles, what gives?
question. If liberty does a R/S that’s more then 1-2, don’t they lose majority control and drop under 50% of share control?
If liberty does a R/S that’s more then 1-2, don’t they lose majority control and drop under 50% of share control?