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Technology Stocks : Paradigm Technology(PRDM)
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To: Ed S who wrote (248)8/29/1998 4:13:00 PM
From: James H. Williams   of 259
 
I think (as I have said just recently) that it comes down to a simple math problem...take your most optimistic estimate of what you think the post-150:1 shares will be worth multiplied by the 3-10 shares that most average people will have left and subtract what you pay a broker to sell sub-$1 (do you think it'll be more than $1? adjust calculation accordingly) shares. If the answer is a positive number, I guess you'd want to vote YES, if the answer is zero or negative, you would want to vote NO. How much do you want to bet that there are more NOs than YESes?

Yes, the common shareholders will get zero. Can you please explain where my reasoning that zero is better than a negative number is faulty?

If anyone believes that this merger will benefit more than a few close-to-PRDM people, please submit your photo to Webster's so they can put it as the illustration for the entry "unbridled optimist."

On to more realistic and pertinent topics:
Remember, to write this turkey off you have to do it in the year that the shares become worthless (hopefully 1998), you can't do it later.
If by some bad luck the merger does go through, then you'll be stuck with a (permanent?) paper loss until you care to spend more money just to get rid of the shares so you can take the loss.
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