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Gold/Mining/Energy : Petrokazakhstan Inc. -- Ignore unavailable to you. Want to Upgrade?


To: cooliemon who wrote (911)3/8/2000 11:06:00 AM
From: Hickory  Read Replies (2) | Respond to of 2357
 
Cooliemon,

Why should Lukoil, or any other company for that matter, pay $50 when in the not too distant future HHLA parobably will be selling for about $3.50 a share??? Who knows, maybe even less than that, what with so many people eager to take their profits and run . . .to hi-tech.



To: cooliemon who wrote (911)3/9/2000 3:00:00 PM
From: forecaster  Read Replies (2) | Respond to of 2357
 
Cooliemon: The beans in a nutshell.

* Under the terms of the "Existing Shareholder Rights Plan Agreement", no "Person" may hold more than 20% of HHL.A.

* Under the "ShNOS Acquisition Agreement", the ShNOS shareholders will receive 33% of HHL.A.

* CAII has agreed to hold no less than 75% of outstanding ShNOS shares at the time of acquisition, therefore they would receive a minimum of 75% of 33%, or 25% of HHL.A. They also agreed not to hold more than 30%.

* This likely constitutes a "Flip-in Event".

* To waive the "Flip-in Event", the "Existing Plan" will have to be let to expire at the Annual Meeting of Shareholders, and a "New Shareholder Rights Plan Agreement" must be approved, with CAII classified as an "Exempt Party".

Forecaster