Microdyne (MCDY) Message Board

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Technology Stocks : Microdyne (MCDY)

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To: Runomo™ who wrote (411)	12/30/1998 10:34:00 PM
From: walt zweifel	Read Replies (1) of 414

You may want to stop by his site: messages.yahoo.com I too am or rather was a MCDY shareholder..I decided to sell my shares at the market for $4.88. Although tender offers generally go smoothly and you see you money within a a couple of weeks of the offer expiration (Jan 7). This whole cuningham thing stinks and I wanted out..I didn't want to chance tendering my shares (after you tender you can't sell em) and them have this thing hang in limbo for several weeks or months with any legal (or ethical) complications. I decided to sell. The other twleve cents per share wasn't worth the grief. BTW My broker charges a $35 tender fee and I sold them for $9.95 on line. The difference on the few hundred shares I owned (just a turnaround flyer hope)didn't represent a whole lot of money. Check through the Yahoo finance sight I noted above. Several well informed folks who posted on the tender offer confirmed the info I received from my broker today. FWIW I took a hit on this stock too..my basis was about $8.00 regards, walt

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