MGI Software (MGI on the TSE) Message Board

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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Sultan who wrote (259)	5/8/1998 9:46:00 AM
From: Trader Dave	of 553

if they both agree to walk away, there are no penalties. If MGI walks away without discreet's consent, mgi has to pay discreet $1 million. There is no cap or collar on the stock price, it's a fixed share ratio. However, given the execution at discreet and the drastic share price decline, I doubt dslgf would ask mgi to pay up. It would be better for discreet to make it look like a mutual decision. I show institutional ownership of only 2 million shares (out of 20 million) held, this suggests that the decision will be made completely by insiders. TD

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