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Non-Tech : Cable Car Beverage (DRNK)

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To: Jake's mom who wrote (243)8/11/1997 8:26:00 PM
From: Anthony L. Califano   of 284
 
To find out more info on the appraisal process, read back several messages.

I was attempting to gather support from shareholders by soliciting e-mails in order to tally no-voters who would be interested in demanding an appraisal. I tallied up to about 65,000 shares, including my own, and then the e-mails dried up. Please note that hardly anyone who e-mailed me committed one way or another to whether he would demand appraisal of his shares, but did indicate he would vote no.

I was looking for about 800,000 shareholders, but 200 or 300,000 would have been nice.

Maybe some lurker with hundreds of thousands of shares will stumble accross this board and offer to join the club. Let's hope. I would be willing to attempt to coordinate the appraisal effort and related required actions.

If this doesn't work out, let's hope TRY doesn't tank too badly. We could still get 4.22. Not much compared to intrinsic value, but better than 3.25.

Steve,

I don't know if we'll see another quarter of earnings since the deal is supposed to close in the 3rd quarter - although we're already halfway through it. DRNK's earnings would then be consolidated into TRY's, I believe.
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