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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (88113)1/10/2001 2:51:53 PM
From: valueminded  Read Replies (1) of 132070
 
Mike:

After evaluating the merger (gzbx), my take was that it was awesome for bxm holders and a bad deal for gztc and gztr. That aside, given the fact that they did not adjust the payout ratio, I expect to see gzbx collapse to the sub $5 level or about 40% from here. I think the move is pretty inevitable as the bxm holders begin to unload most of their remaining positions.

At any rate, would you consider a third/third in the 4-5 range for gzbx. I am keeping most of my ammo dry at this point, as it seems that GENZ managed to take my holdings in GZTR and saddle it with debt in the newly renamed gzbx.

BTW, what was your take on the merger and if you liked it, what appealed to you.

thanks
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