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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: rjm2 who wrote (11283)	10/13/2000 2:05:02 PM
From: Tomato	Read Replies (1) \| Respond to of 78627

I guess your .40 per share doesn't include the 19.5 million. It's over--it's a Federal Court of Appeals case. The only possibilities for the other side are a request for rehearing, the time for which has expired (I haven't been able to find out if they indeed filed for rehearing or not). Winning on rehearing is very unlikely. The other possibility is to petition the US Supreme Ct. for certiorari. The likelihood of Rehnquist and the gang granting that request is basically zero. So..... as I said before, KDUS has about 92 cents per share in cash, so I don't think you can say it's worth 4o cents/share. Plus, they have royalty income for patent(s) and own a certain percentage of Axiom, the value of which is discussed in the depths of the Kadus thread on SI.