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Strategies & Market Trends : Value Investing

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To: Carl Worth who wrote (21404)	5/31/2005 1:23:05 PM
From: Paul Senior	Read Replies (1) of 78750

Fwiw, my response to the TUTS acquisition proposal for COSN was to ask my attorneys to see if it was a takeunder and if there were any violations of small shareholder rights. Subsequently we filed a suit against COSN. My attorneys recently advised me though that after they further studied COSN, they believe there's really not much value to COSN, and that consequently, they believe my proceeding would not be advised. So we dropped the suit. I've sold my COSN shares and have no opinion on the prospects for the stock or company. (As regards, "not much value to COSN", those are my words (interpretation) of what was said to me. I did not press for a clarification if it's that COSN is too asset-poor or too cash-poor to possibly offer enough compensation to the law firm for risk of suing COSN, or if the lead attorney believes there's not as much to COSN assets as first appears (e.g. if one just looks a cash/sh. per Yahoo vs. stock price), or if the attorneys are making a judgment of the likelihood of COSN as an on-going business.)

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