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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX)
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To: Ken W who wrote (1233)5/18/1998 7:28:00 PM
From: micny  Read Replies (1) of 2911
 
Well, not everything! and it doesn't sound like they produced a plan, but rather that they'll now set forth to find one, which seems very strange. The release actually seems to say they haven't done anything....but will begin to.

To: +Mark Fisner (0 )
From: +gene martineau Monday, May 11 1998 5:12PM ET
Reply # of 1230

I understand that here is a board of directors meeting for MDIX on Tuesday night that is going to address the following items:
- shareholders rights in the event of a tender offer....
- a $1mm stock buyback plan.
- a cash dividend to existing shareholders from the proceeds of any Andrex suit settlement.
These actions appear to be both a plan to raise the stock price, and a plan to make sure that the company isn't going to be purchased with its own money. Not a bad idea.
At least it indicates that John's board is going to be proactive in taking the tender rumors seriously, which is a very positive development.
In the event of an unwanted tender offer, if management has board approval to distribute or use up (read - lay waste) to the companies cash assets, we will find out just how badly the potential acquiror views the Cymedix software in terms of hard dollars.
Apparently the shareholders rights model they are considering is the one that CA used to successfully ward off the recent unwanted CSC offer.
These are positive signs. If they (John/Keith) get approval for the buyback, we should see a messy short squeeze - blood on the waters.
That should lift all the long spirits. Stay in the boat...
gm



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