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To: Rajiv who wrote (24186)10/13/1999 8:16:00 AM
From: Tom Hua  Read Replies (3) | Respond to of 27722
 
Rajiv, this Growth Capital outfit smells bad. The terms and conditions are nothing short of ridiculous:

1. Purchaser expressly reserves the right, in its sole discretion, to purchase
as many Shares (up to 1,100,000) or as few Shares as it deems advisable,
and to select which tendered shares it accepts or rejects regardless of the date tendered.

2. Payment for the Shares accepted pursuant to the Offer will be made by the
Purchaser upon acceptance. Under no circumstances will interest be paid on the
purchase price of the Shares.

3. Shares not accepted for purchase will be returned after the final Expiration
of this Offer
to Purchase for any extension thereof.

4. Tenders of Shares made pursuant to the Offer are irrevocable even
in the event that the offer is extended.

5. Purchaser expressly reserves the right, in its sole discretion, to extend
the expiration of the offer under these same terms and conditions.

Clearly, nobody will tender, the question is what's their motive? and who's behind it?

Regards,

Tom



To: Rajiv who wrote (24186)10/13/1999 8:20:00 AM
From: wbASSETt  Respond to of 27722
 
From link CP =
GROWTH CAPITAL CORPORATION

OCTOBER 4, 1999

NOTICE OF OFFER TO PURCHASE FOR CASH
(up to) 1,100,000 shares of Common Stock
of
NAVARRE CORPORATION
at
$10.25 Net Per Share
by

GROWTH CAPITAL CORPORATION




To: Rajiv who wrote (24186)10/13/1999 9:53:00 AM
From: TheLineMan  Read Replies (1) | Respond to of 27722
 
It's just too weird isn't it. An attempt at supporting NAVR in through the IPO?