Cable Car Beverage (DRNK) Message Board

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Non-Tech : Cable Car Beverage (DRNK)

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To: Andrew who wrote (233)	7/28/1997 5:44:00 PM
From: Dana Merrill	of 284

I don't understand your enthusiasm over DRNK's results. Other than any (presumably small) impact on TRY's share price, it would seem to me that DRNK's results are pretty much meaningless to current shareholders. You write as though you consider DRNK to be a long term holding. As I see it, DRNK was recently converted (against my will) to a short term holding (unless you want to hold TRY). Therefore, and to respond to Jake's Mom's question about what to do with DRNK now; The way I see it, we have sort of a guarantee of 3.25 for our shares and there is always the possibility that TRY could go up (as it is currently doing). So while I am waiting around to vote against the merger and then for it to be completed (or until I find a better place for the $$), I'll probably hold on. Assuming a 3.25 minimum, it's a can't loose situation since that's about what you can get for the shares now. Furthermore, if TRY were to stay where it is today (21 7/16) you would end up with $3.69 for DRNK; not that much more, but still a low risk 10% or so. And then again, there is always the chance that the merger could be voted down and I would hate to miss out on that!!

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