Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.445

+1.5%

12:06 PM EST

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To: richardred who wrote (35)	7/28/2003 9:15:33 AM
From: richardred	Read Replies (1) of 7265

Joe: I've now looked into the situation a little more in depth. I was right about court approval. I would now think the creditors would cry foul. I would also think an independent appraisal would be tough to value based on the company has a negative Net Tangible Assets of($86,255,000). Also competitors AKAM and CWP also are unprofitable in the same area. IMO- This doesn't mean the stock isn't worth more than 70-80 cents. It most likely is, now that thing are turning around, and CWP is rumored to be exiting it US based web hosting. It's and interesting situation. I would expect a no comment from the DIGX board till the court rules. I would also think a a formal tender can't be launched till the court rules. Meanwhile the stock trades around a speculated offer.

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