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Non-Tech : BJ's Restaurants Inc.
BJRI 34.95+0.7%Nov 7 9:30 AM EST
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To: Robert T. Quasius who wrote (378)2/28/1999 9:35:00 PM
From: Lhn5  Read Replies (1) of 865
 
I don't post on Yahoo but you can transfer this there if you want.

1)I don't recall the earlier takeover deal including higher prices for management shares--My impression was that management would keep their shares and their management positions--please correct me if I am wrong.

2)In the IPO when ASSI bought shares at 5.50 weren't the warrants included as part of that ipo offering along wth the shares of common at no aditional cost. That is usually how it is done?

3)The sudden change by ASSI to accept gambling is just a little hard to swallow as such a simplistic decision. There has to be more to it than just that. I am not insisting there is something hidden or evil or terrible by any means. Just that there is something more. Just by using my imagination, I could guess that it was helpful for ASSI to get the prior shares off their books ad take the capital loss and were now free to reallocate the remaining capital.

4)We don't know the details or scope and therefore can't evaluate the importance of ASSI's commitment to future financing. Do you?

5) I think that the reaction by many to what is so far known about this deal has at least as much to do with the history of ASSI's prior share sales as anything else.

6) This deal certainly has some obvious positives as I have previously posted,and I agree with much of what you have recognized.
Your faith in ASSI as a commited long term investor is admirable, but what is it based on? Are there any time limits as to when ASSI can sell any of these shares. It seems CHGO has right of first refusal on these shares, but is that indefinite timewise? Can ASSI try to sell these shares back to CHGO next week? Next month? Next year?

7) Are we just asking too many questions, and should we just sit back , uninvolved and faithful?
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