No, Walter. I am saying that Cistron is cleaning up the ownership and voting rights, preparatory to a sale. Presumably, as you said, this would enhance shareholder value.
You might want to look at the 10-K on EDGAR to see the terms of Mr. Galton's employment contract, and whether his options vested on his termination. Personally, I don't care, so long as I am paid equitably for my shares, as he will be.
If we disagree, what are you suggesting that is different?
Why an 8/31/99 deadline? Why not? To me, it shows earnestness in selling, and I favor it. To a buyer, it sends a message of "get serious now, do due diligence, and have your best offer on the table soon". At a minimum, some company (even a bank) will buy it for cash value by Labor Day. |
