Emerson Radio Corp (MSN) Message Board

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Microcap & Penny Stocks : Emerson Radio Corp (MSN)

MSN 0.428

-1.9%

Dec 1 3:59 PM EST

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To: Jim Reome who wrote (2019)	12/18/1998 11:58:00 AM
From: Jim Reome	of 3501

announced today that Oaktree Capital Management, LLC, an $11 billion private investment partnership and Kenneth Grossman, an investor in undervalued securities (the ''Investors'') have submitted a proposal to acquire more than 29 million shares of common stock owned by Geoffrey P. Jurick, the Chairman and Chief Executive Officer of Emerson, for $.50 per share in cash (or $14,576,270). Raises the question in my mind. What is Oaktree going to do with this ownership. They invest to make money. Could they have a buyer lined up? Just thinking out loud.

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