GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: Thomas DeGagne who wrote (842)	7/28/1999 2:06:00 PM
From: micromike	Read Replies (1) of 1571

What do you think Bay Street's reaction will be to these scenarios? Well we saw it yesterday down $1.80. The stock has made a nice run from around $25 bucks so my guess is that there will be some profit taking. IMHO the offer will have to be raised considering there is two large owners Lazard Asset Management, which holds 12% and Specialist Computer Holdings, which holds 11.8%. The question is how much more will it take? I sure hope they can get this straightened out fast because uncertainty will cause major selling pressure as we saw yesterday and probably today and tomorrow and the day after that. If they pay more than the street expects we will get hammered any way so I guess we can have a slow decrease in price or else a fast one. JMHO Mike

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