| 25.50 does not include the cash or the IP investment and prospects for the NPS. Until it does, I think we might get no votes despite all the duplicity. Until the valuation reflects an understandable rationale that includes all the parts of EZCH, the deal should be blocked. The merger needs to happen ASAP, and MLNX just needs to pony up and get the job done with a better offer that all the shareholders will accept. If MLNX is unwilling, they will be hurting both companies with a delay that will postpone the integration of the companies and their products. I am voting no, but will vote yes on anything north of 30. If EZCH goes down, I can ride it out like I have all the other storms for the last 14 years, and will not be forced into to taking a big tax hit. I will also bring my capital on board in the new venture if they agree to a better deal for EZCH longs, and I believe RC and other EZCH longs will do the same. If MLNX can not yield however, I am not sure I want to on board with MLNX. MLNX will need all kinds of partners and relationships to succeed, and if management can not see past the end of their nose to see how decisions affect everyone involved, it is a red flag in IMO. If they get the job done, the way this deal has happened will still have to be overlooked for trust to be built/rebuilt. If MLNX thinks investment from abroad is unnecessary, and they have access to all the capital they will need, I believe the odds are good that MLNX might manage the company in a way that does not place a premium on taking care of the shareholders, and that is the last place I want to be. |
