LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (20403)	8/20/1999 2:58:00 PM
From: LastShadow	Read Replies (2) of 43080

Just got a call from my broker. Apparently a Canadian firm is tendering an offer for 6.5 million shares of FUSE at 7 (right now its 6.53125 x 6.52625 - so figure 50 cents over present price). To make a long story short, they wanted to know if I wanted to sell my shares (have a few of them I picked up in early July). The offer goes through on Aug 24th if they have enough shares to cover. Now FUSE is worth about 7, but it had popped to 9 in April. Personally I am going to see if the buyoutrumor drives the price up a bit and reduces the float, and may or may not sell after I do some DD on the company doing the buyout (Biovale). But hey, I figured someone might want to make a grand in a few days on a couple thousand shares. lastshadow

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