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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: FESHBACH_DISCIPLE who wrote (9289)5/31/1999 8:50:00 PM
From: Mr. Pink  Read Replies (3) of 18998
 
Dear Mr. Disciple:

The interpretaion of the company's counsel as well as independent counsel retained by Mr. P$nk (who currently holds over 750,000 MDM shares is that the property of the parent is stock in the subsidiary which was never siezed. There is substantial case law defending this view. He does not think that, as a practical matter, the greenmailers have much of a chance.

Good luck and looking forward to hearing your views on the situation.

Yours truly,

Mr. P$nk
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