SME(svcdq) has it bottomed out yet? Or will it hit bottom? Message Board

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Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom?

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To: Arthur Tang who wrote (271)	2/28/2000 10:56:00 AM
From: Arthur Tang	Read Replies (1) of 305

Recent filings with the SEC revealed the arrangement with Fleet Retail, with respect to takeover by stockholders with 50% majority. On the Raging Bull SVCDQ board, an attempt is made to recruit stockholders to form a stockholders' committee. Should they reach over 50%, they can then take over the company and change the business plan with Fleet's approval. The business plan is against all stockholders as a class, including insiders and employees. So, if the committee can reach the small outsider stockholders, the CEO and the president may be replaced by the majority of stockholders. Such as it is, the business plan probably will have to be more conservative and a conservation plan will have to be put in place to conserve assets for the unsecured creditors and all the stockholders. Good Luck to all the management of SMC. If you work for any of the major full service brokerages, please find out how many shares of SVCDQ your company held in street name, in case a take over attempt is going to be made.

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