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Biotech / Medical : ROTC:Rotech medical

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To: JohnSK who wrote (152)10/2/1997 3:58:00 PM
From: brushwud   of 161
 
The 10-day trading interval described in the proxy must be happening now. If IHS stock doesn't average $33, the deal is off, and it's hovering right there. Someone on the IHS thread pointed out that their CEO just exercised a pile of options and I wonder if his broker has a standing order to soak up shares at $33 until his margin limit is exhausted! Maybe we should sell soon and give him a thrill.

The last ROTC earnings report was pretty as a picture. I'm disappointed in the exchange ratio. It's hard to find companies that consistently grow at 25% or more. They never even sent me my proxy last year (they did the year before) and I voted no on the merger.

> if the merger doesn't go through, we will have a management team at ROTC that did not receive their merger bonuses.

Mr. Kennedy has a big enough position that he'll stay motivated.

> especially noteworthy: Item (iv): continuing medicaid and medicare reimbursement pressure

This must be the real reason for the sell-out.
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