| | | GG is already on record, by his own posts, as contradicting himself regarding his sentiments on this proposed merger, while others have remained consistent since September 30 ! (They know who they are).
On 9/30, the day of the announcement, you posted message 2182 that said you shared Yoram's sentiment. That sentiment, post 2181 was ,"Its not over until its over, vote NO and elect a new board". You even added a you tube video of Bluto's Animal House speech. Then, when Mr. Cohen said on 10/2/15 in post 2212 that he would recommend trading Ezch stock for Mlnx, you researched some more and decided you were in support. GG, like yourself and everyone here had to take some time to consider all the intangibles before coming to a conclusion.
A very dubious presumption that during a 'black-out period', Mr. Fruchter, or a close confidant, would permit confidential information to be posted on a message board; GTF, or otherwise...?
This was by far Gilder's largest position, he knows Eli and the board personally. This is conversation, not confidential information. Eli being worried his best engineers might leave is obvious, GG opining that Eli likely cannot go back on the deal with Waldman is also obvious as I come to understand the personalities involved.
Listen, everyone knows this deal was structured to facilitate an easy recognition of Ezch ownership for Eli and the board. By receiving cash, they don't have to wait 6-18 months to sell Mlnx shares at an unknown price, they get their money immediately. That concession itself probably cost shareholders $2-$3/share.That other shareholders don't get to participate was not of considerable importance because this group wants out and wants their money now. Besides, Eli has hinted like S. Cohen that we should buy Mlnx. Waldman cut a slick, Buffett like deal, no dilution to his shareholders. He saw an opening and took it. Good for him. Problem is he got just a bit too greedy. If he had offered $30, we would likely not even be having this discussion. Now it gets difficult, everyone is stressed, not the way I'm sure that Eli wanted it, but predictable based on how the process was undertook and the conflicting interests of the board and the rest of the shareholders. |
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