Dividend Chaser bought STXOSV

I bought STXOSV at 1.275. This is at a much higher price than the price offered by Italian at 1.22.

Here is some feedback from ShareJunction.

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When the GO is lapsed, there are 2 scenario:

1) If the floating share is more than 10% , the shares will continue listing and it won't affect you at all

2) If the floating share is less than 10%, you will have a second chance to sell the shares back to the Italian at $1.22.



Fyi, scenario 1 is the most likely case judging from the current share price (> $1.22).
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satanist2001 ( Date: 18-Feb-2013 10:16) Posted:

Hi all,

i have a question. i do have some stocks on hand. if i do not accept the italian offer and this lapse through the deadline of march.

if its a GO, will my stocks be worthless? or will the italians compulsory get it from me at 1.22?