Sentences with phrase «company at a substantial premium»

In light of the above, we again ask you to finally show that even this Board is serious enough about its fiduciary obligations to allow shareholders, and not themselves, to decide whether to sell the Company at a substantial premium over the current market price.

Not exact matches

At the time of his hire in 2003, Mr. Drexler invested $ 10 million of his own funds to purchase a substantial equity interest in the Company and he received large equity grants in the form of stock options, premium - priced options and restricted stock, subject to four and five year vesting conditions.

Although the rule of thumb is that a company won't go public, and probably can't go public, if a common stock issue can be priced only at or below private business value, once a typical, private company does go public, it ordinarily does so at a price which represents not only a substantial premium over private business value but, more importantly, also represents a meaningful discount, usually based on comparative analysis spread sheets, from anticipated market prices for the new issue.

The company indicated that the Trusts do not currently operate a redemption program: there can be no assurance that the value of the shares will approximate the value of the respective digital asset held by each Trust and the shares may trade at a substantial premium over, or discount to, the value of the digital assets held by each Trust, if traded on any secondary market in the future.