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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: umbro who wrote (11925)	11/7/1999 11:55:00 AM
From: Anthony@Pacific	Read Replies (5) \| Respond to of 18998

Ive been reading your converstaion with interest,,,I am very curious to know what the a and b's are all about and the benfitsa of each and the cons of each... I may be able to shed some light on what is going on,,BUt Im very curious

To: umbro who wrote (11925)	11/7/1999 6:58:00 PM
From: TRIIBoy	Read Replies (1) \| Respond to of 18998

Management is paranoid about giving up voting control of the company even though they own more than 40% of it. They want to use the "B" shares for acquisitions, but don't want to dilute themselves. Look at the spread between the "A"s and the "B"s why is there such a difference. This is management's aim at eliminating that gap but also at enhancing liquidity and valuation without ceding control of the company away. Let them control it, they are by far one of the best management teams of any company I own.