MB and Pied,
They would get sued not because of their voting down the merger, but more due to stock manipulation and insider trading via the Short you mention in #2. Also, the Gap between TLTN and WSTL is quite volotile but appears to be closing. Yesterday, for a good part of the day, the discount (3.3*wstl)-tltn was as high as 20%, yet fell to 12.5% at the end of the day. Last week, the discount was hovering around 15%.
This is too exciting. I think the Dillon Warburg or Warburg Dillon report is huge as it aludes to contracts (swb, sbc) that are not yet formally announced. Think of the potential, rapid, exponential revenue rise as volumes ramp, all product by now yielding positive profit margin :-)))))
BTW, even with a 20% discount, if we all believe that wstl by end of year will be $75, is it worth the risk reward to buy tltn at 20% discount instead of wstl risking the collapse of the merger???? Thoughts? My guess is not.
-schlep
from MB
Would they get sued if they:
1. voted to approve when board voted
2. shorted the heck out of TLTN
3. and then used B shares to vote down merger at the Proxy???
Why is gap between (WSTL * 3.3) and TLTN not closing???
MB
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