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Technology Stocks : TRANSNET TRNT
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To: Nicholas P. Sekas who wrote (191)11/3/1997 9:58:00 AM
From: Alan Wojtalik  Read Replies (1) of 225
 
Nick,

<<What does "the sale for a maximum $20.5 million cash purchase price of substantially all of its operating assets" really mean?>>

I was wondering the same thing. I was hoping that we'd be getting some GE shares in the deal (I would much rather own GE at this point), but from Bob's report, it sounds like it's just a cash transaction to TRNTE, and I'm not sure how we as shareholders would benefit. I'm sick of holding TRNTE. Owned it for over 2 years and am still down about 20%. What is left of the company if it is selling "substantially all of its operating assets"? I have no experience with this kind of a transaction. Bob, can you shed some more light here?

Thanks,
Alan
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