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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (18957)	3/24/2004 10:22:36 AM
From: David	of 78704

<<<Interesting to note JNY's tender is below market price. Am I the only one that finds that an odd tactic? I've previously only seen that done by scam operators trying to skim a quick buck off the uninformed...looks odd, but maybe there's a rationale....such as using the lowball to persuade holders that MAXS is not worth much more than current levels>>> I suppose the institutions holding large illiquid amounts of stock might find the $20.00 per share offer an appealing opportunity to exit their positions. I am still holding all of my shares waiting to see what happens but I am a little concerned that JNY might be successful in pulling off such an end-run with the institutions. I am very tempted to sell, but I would like to receive fair value for my shares. Half of my holdings are in a taxable account and the other half tax free. I am still holding BL, FWIW.

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