So much for the big sell off!!

How much longer?
Joel091147
Posts: 272
Joined: Tue May 15, 2012 7:01 am

So much for the big sell off!!

Post by Joel091147 » Tue May 19, 2015 7:19 am

Was as high as $19.15 today with about 1.2 million shares traded already! What happened to all the people who wanted their money yesterday no matter what the price was they just wanted their cash!! My IC was right!! When I said to him people would be dumping like crazy he said no you'd be surprised how many people are not selling, this was our conservation last Thursday! Thoughts anybody!!

mdosmwjr
Posts: 28
Joined: Tue Jul 23, 2013 7:42 am

Re: So much for the big sell off!!

Post by mdosmwjr » Tue May 19, 2015 7:50 am

Because why would you sell at less than $19 when you can just take the tender offer. Its already been 5+ years for me.. Whats 2 more months.

fedup
Posts: 49
Joined: Thu May 19, 2011 10:37 am

Re: So much for the big sell off!!

Post by fedup » Tue May 19, 2015 8:16 am

Joel, don't be such a smart ass. How many shares did the Spirit Funds buy yesterday and today? How many shares did MacKenzie buy?, Since Merrill Lynch was an advisor on this deal, how much did they buy in order to support the stock? The use of the tender is providing a floor on the trading. Remember, that cash for the tender is OUR money.

Here's a question for you Joel,,,, who is eligible to take advantage of the tender offer? Are the shares which were bought May 18 and 19 and 20th eligible? If so, original share holders get screwed again. $200 million equates to about 10 million shares only. anything over that, the whole deal baby gets prorated. Juuuust like the old days.

Now Joel,,,, if the listed shares are NOT eligible for the tender, how quickly will the NYSE halt trading due to share/sell imbalance?

fedup
Posts: 49
Joined: Thu May 19, 2011 10:37 am

Re: So much for the big sell off!!

Post by fedup » Tue May 19, 2015 8:44 am

Post update....

According to the tender sheet, there are no cutoffs or differentiation of shares eligible for the tender offer. So all of us who bought Apple 7 back in the old days, get the same deal as the guys who bought yesterday. Very nice treatment..... We support Glade and Justin and DLA and the street gets a seat at the table with us.

mdosmwjr
Posts: 28
Joined: Tue Jul 23, 2013 7:42 am

Re: So much for the big sell off!!

Post by mdosmwjr » Tue May 19, 2015 10:11 am

Why do you think it opened at 17.. It wasn't coincidence. If the tender offer is roughly 19. Everyone waiting to get out would have dumped if the stock was 19+. Now it hits 19 for a few minutes today and instantly drops.. Why do you think that happened.. I'm sure there were plenty of sell orders for waiting for it to hit 19$.

jrzjohn
Posts: 20
Joined: Wed Apr 10, 2013 4:31 pm

Re: So much for the big sell off!!

Post by jrzjohn » Tue May 19, 2015 3:44 pm

So where is this Tender Sheet?

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REIT Wrecks
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Posts: 415
Joined: Wed Jan 27, 2010 2:31 pm
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Re: So much for the big sell off!!

Post by REIT Wrecks » Tue May 19, 2015 4:29 pm

Fedup, please add to all this the amended charter (dilutive anti-takeover provisions) and what has historically been a lap dog board of directors and you basically have a Knight family heirloom, not a public REIT.

mdosmwjr
Posts: 28
Joined: Tue Jul 23, 2013 7:42 am

Re: So much for the big sell off!!

Post by mdosmwjr » Wed May 20, 2015 10:32 am

So has anyone received paperwork for the tender offer or do you need to call your IC?

thomas07631
Posts: 26
Joined: Fri Apr 17, 2015 10:47 am

Re: So much for the big sell off!!

Post by thomas07631 » Wed May 27, 2015 1:43 pm

DLA has the Instructing sheets and the tender offer agreement, so if by chance you do not receive a copy in the mail, you can go down to your DLA office and fill out all the paperwork to tender any APLE shares you wish

zaclo123
Posts: 11
Joined: Mon Jul 18, 2011 10:53 am

Re: So much for the big sell off!!

Post by zaclo123 » Thu May 28, 2015 10:04 am

thinking about trading all my apple reits to vanguard has anyone dealty with them before?

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