This explains the selling today - US investors cant tender....
Author: DiamondWillie -- Date:2000-08-14
12:57:45
Subject: US investors
Are US investors' best bet selling in the open
market or waiting until DB has taken over? What
happens to SH who don't sell? Do they get
screwed? If DB doesn't want to have any contact
with US investors for fear of the Justice Dept., how
do they intend to handle outstanding shares in US
hands?
In any even, it looks like we got screwed twice
today, not just once like our Canadian cousins. And
Sophie was pissed at me because she (and others
on this thread) claimed it was only DB who
screwed US investors, not BOD. Now the BOD
can't claim non-responsibility (as if they give a
damn).
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Author: WillP -- Date:2000-08-14 13:05:42
Subject: I Thought Of You...
...when i called de Beers about USAians.
And Sophie was pissed at me because she
(and others on this thread) claimed it was
only DB who screwed US investors, not
BOD. Now the BOD can't claim
non-responsibility (as if they give a damn).
Well, I remember that. Of course, when I
talked to her about it, she said that it was De
Beers' action, not Winspear's and that applied
whether or not the company recommended
accepting or rejecting.
She's right, of course.
However, speaking entirely on my own
behalf, it's truly a sad day to see $5 as the best
offer (so far) possible - and one that U.S.
citizens basically "get screwed" out of the
commission costs, and any possible vigorish
that the arbs demand. Right now, that's an
additional seven cents.
Some day, when things die down, I'm going to
post the Street Wire that I had my finger on the
"SEND" button for at about 6 a.m. PDT. when
the halt notice came over the wires.
I spent the entire weekend digging and digging
- and had a classic argument to refute the
latest comments by De Beers - using their own
words, I might add.
C'est la guerre.
WillP |
