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Technology Stocks : Winstar Comm. (WCII)
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To: SteveG who wrote (5775)5/7/1998 9:02:00 AM
From: silicon warrior  Read Replies (1) of 12468
 
am still stuck running to court, but you guys have the basic sense of it, use of the llcs is to shield wcii itself from liability, etc. Generally the 13d is supposed to tell everyone your intentions. However, slick lawyers have made it an exercise in obfuscation. The generic language in wcii's 13d would permit them to tender for the rest anytime, especvially now that the price is down. But, artt has a poison pill. Thus, wciii will almost certainly cut a deal with the artt board if and when they decide to take the rest. Remember that this 15% interest gives wcii strategic control to keep artt from others--just, e.g., tgnt, etc (only TGNT is at different freq.) More later guys and gals...
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