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True comment about the management, but... If you read the proxy carefully, the vote of confidence by the accounting firm, was given at the, then prevailing prices of close to $17 for ISLI and about $37 for MIFGY. They stated that at those prices, this was a fair offer. Well, the stock prices for both companies is way down from those levels, and on these facts alone, I will vote against the merger. ISLI management made, IMHO, a stupid mistake in not putting in a minimum price for the offer. Leaving it open ended, was inviting trouble, which it got. I am voting AGAINST and hope that others will too. If MIFGY really wants this company, let them put in a real offer and get some price support in there, else let them shop for discounts somewhere else. |
