Global Thermoelectric - SOFC Fuel cells (GLE:TSE) Message Board

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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)

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To: VisionsOfSugarplums who wrote (1863)	5/11/1999 8:50:00 AM
From: the Chief	Read Replies (2) of 6016

The fair value of the bid does not enter into the definition of what is a permitted bid - the bid could be $2/share and still be "permitted" provided that the bidder allows the GLE board 45 days to line up their ducks. Maybe,...... In your example the $2.00 bid would be flatly refused as an opportunistic bid with no redeeming qualities and would be turned down by the board...without approaching the shareholders for approval...so, although a permitted bid, the bid would not see the light of day. That is why I used the term fair value.Ultimately we are saying the same thing. My impression only. the Chief

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