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Non-Tech : Lunn Industries (LUNN)
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To: LPasko who wrote (1237)10/12/1997 10:43:00 PM
From: Ryvers   of 1436
 
The key IS whether TPG will hit the $4MM, and given that the exchange rate for new shares is dependent on TPG hitting that level, I'd make a strong bet that there are few circumstances under which TPG won't hit $4mm. Since TPG mangement/owners will receive a smaller % of newco shares as income declines, there is strong incentive to accelerate orders, juggle books, etc to make $4MM come true. I'm more worried about the first couple of quarters AFTER the merger - assuming that financial and operational skullduggery will be necessary to hit the 4MM.

Ryvers
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