TRC Capital Corp Mini Tenders Are Comical What they try to do is catch the stockholders out of the know and buy at a discount. Â
Mini-tenders are always for less than 5 percent of a company’s shares to avoid disclosure requirements by the Securities and Exchange Commission. The SEC has said that mini-tenders are often used to try to buy stock at a bargain by catching shareholders off guard.
So in the latest case TRC is offering 
33.21 on Monday on the New York Stock Exchange.  Hey Lorne, I’ll offer 
29! Oh crap, Phil says he’ll take the stock off their hands if they pay him $31 a share to take it off their hands. Are these stock certificates printed on asbestos ??? Â
I can see this is going to be a huge source of income. People are going to pay me to take their stock. Its just cluttering up their closets and garages anyway! I think I’ll hold out until they really up the offer. Old stock removal is a hard job. The dust in hazardous to my health.Â
1 Comment
I am hurting on my mistake with my investment in Archer Daniels Midlands preferred. But TRC capital has been trying to minitender ADM… So I guess if nothing else, I've hit a bottom woohoo.