Browsing Category: "Going Private Transactions"
I found a nice surprise in my son’s Coverdell Education Savings Account tonight. I received the cash for the 85 shares of Lynch Interactive I purchased back on October 10, 2005.
As you might remember, this reverse split transaction was approved on November 16, 2005. This was a very typical going private transaction. [...]
Lynch Interactive provided an update on their going private transaction today in a press release. As you might recall, I purchased 85 shares of Lynch Interactive in my son’s Coverdell Education Savings Account on October 10th. The relevant section of the press release is reproduced below:
Finally, there has been some news out of FragranceNet.com. I have been waiting for a couple of months now to receive cash for my shares of FragranceNet.com. I did not receive cash today, but I did receive an email from my broker, Firstrade.
I just noticed that I received cash for my 299 shares of Community Investors Bancorp last Friday. With a cash payout of $15 a share, I received a total of $4,485.00.
I originally bought 100 shares of Community Investors Bancorp at $13.75 and 199 shares at $13.85 on September 16, 2005. The [...]
Old Niu made two excellent posts on his blog about the advantages of small investors and how he has been able to utilize the Going Private Transactions list here at Fat Pitch Financials. Until I checked my server logs recently, I didn’t even know his blog existed, but Nui sure has been digging into [...]
I received some additional good news yesterday. The cash I had been waiting on for my shares of Color Imaging finally arrived this Friday. My son’s Coverdell ESA was credited with $990 dollars ($1.10 per share) for the 900 shares that I originally bought back on September 7, 2005.
I was away on business travel this week. When I arrived home yesterday, I found a pleasant surprise. I discovered cash in my son’s Coverdell ESA for the completed going private transaction for Mercury Air Group. The cash was deposited in his account on October 6, 2005.
As you might recall, I purchased [...]
One of the motivating factors driving some companies to go private is compliance with Sarbanes-Oxley. The Securities and Exchange Commission voted this past week to extend the amount of time small businesses have to comply with Sarbanes-Oxley rules.
On September 19, 2005, Color Imaging (CIIG.OB) announced that shareholders had approved the proposed reverse stock split. After the annual meeting, the Board of Directors met and selected the one-for 2500 reverse stock split option. The effective day for the reverse stock split was set for September 22, 2005.
This is good news for [...]
Community Investors Bancorp announced that it has completed its reverse stock split and that investors that held less than 300 shares before the split will be receiving $15.00 in cash per share. I purchased 299 shares of Community Investors Bancorp last Friday in my taxable account, so this is great news for me. [...]
