TBRL - Timber Lodge Steakhouse Message Board

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Microcap & Penny Stocks : TBRL - Timber Lodge Steakhouse

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To: Robert T. Quasius who wrote (33)	4/28/1998 3:52:00 PM
From: BK	Read Replies (1) of 42

Just got a call back from corporate rep. Here are summaries of answers: Q: What is the latest news on when the merger will happen? A: SEC comments are expected today or within the next couple of days. If there are no issues, proxy statement will be formatted and sent. Proxy requires 20 days for response, so merger is anticipated for end of May. Q: Based on the current price of GBFC is there any chance the collars will change. A: No. GBFC may have to provide more shares if price falls below $7, but collars won't be adjusted. NOTE: I don't know why the reference point of GBFC was $7. I was of the understanding that the low end of the collar was $7.5.

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