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Non-Tech : PSUN A new breakout at $30+!

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To: Mathon Dabasir who wrote (909)2/10/1999 2:30:00 AM
From: Toby Zidle  Read Replies (1) of 1622
 
If Sam's Club would offer me $42 today for the right to put up their signs, I'd take it. At least the shareholders should be allowed to vote on it. As I understand the poison pill concept - anyone's poison pill - Sam's could not make a hostile offer because the PSUN board would declare it 'poison' and force Sam's to divest at $21 (half-price, for PSUN specifically).

Personally, I think that has preempted my right to profit from my investment. Shouldn't the shareholders be able to hear Sam's Club out for a proxy vote? The only party protected here is the PSUN management.
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