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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (1752)	3/16/2001 2:36:43 PM
From: upanddown	Read Replies (1) of 23153

KB I'm sure you have been previously thru mergers with stocks you own but are you finding this PEX/SMOP combination a bit odd? It seems to be proceeding at a glacial pace. PEX issued its Annual 10-K today. biz.yahoo.com Very solid results but no mention of the merger even though it was initiated before year-end. 8-K's from both companies were issued in the first week in January and 2 1/2 months later, nothing further. I think it will still happen and really not worried if it doesn't since other bidders would almost certainly emerge, but it sure is a slow process. I'd been sitting on limit sells in the 4.50-4.60 range for so long, they expired after 60 days. PEX is just barely a public company. Hasn't traded since Wed, less than 10,000 shares in 12 trading days in March. Yahoo says 75% controlled by insiders and institutions own 40% or 204% of the float. Huh? Not sure what that means but if anyone here takes PEX for SMOP, we may become the only little guys in the stock. I really don't want it unless we can expect a major increase in liquidity. John

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