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To: i-node who wrote (4796)3/26/2000 7:34:00 PM
From: Bradley W. Price  Respond to of 5102
 
<<<Fuller & the Board are facing extreme difficulty. If they go through with this deal, bringing the shareholders half or less than the value immediately before the announcement, they are going to have a lot of explaining to do.>>>>

From what I understand, there is nothing that precludes them from talking about it now. Smallaxe has posted several SEC docs on yahoo indicating that the SEC looks very favorably on them TALKING to their shareholders. IR told me their lawyers are "looking at it, but its a long document."

bp



To: i-node who wrote (4796)3/26/2000 9:30:00 PM
From: atvcb  Read Replies (1) | Respond to of 5102
 
I see that our differences are three:

(1)

Yours: Fuller and the Board are facing extreme difficulty.

Mine: Fuller and the Board see the current situation as "This too shall pass, lunch time".

(2)

Yours: They are going to have a lot of explaining to do.

Mine: They do not need to explain a thing, they will not and they know we cannot make them.

(3)

Yours: Fuller & the Board calling the deal off on their own reconsideration of the current situation. (This is my interpretation of your thinking, I stand corrected if I got it wrong.)

Mine: They won't unless we have some substantial institutional holders such as Merrill publicly stating that they are rejecting the deal. (Merrill recently changed its Corel rating to No opinion, which in my judgement is not 25% as much as publicly stating a rejection to the deal.)

On all three counts, essentially you believe Fuller and the Board still have consideration towards the shareholders, whereas I believe they have none, and have had none.