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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (161)	2/23/2001 10:51:03 AM
From: jim_p	Read Replies (1) \| Respond to of 23153

Scott, I don't think anything has been announced on the PEX stock price. I had heard it was going to be based on $10.00 per share, but that may just be speculation. There was nothing in the SEC filings that I have seen. Jim

To: excardog who wrote (161)	2/23/2001 4:53:24 PM
From: Tommaso	Read Replies (2) \| Respond to of 23153

Yes, it is fixed at $10.00 a share PEX, so the exhcange would be .471 shares of PEX for every share of SMOP. That of course means that any run-up in PEX ought to automatically carry SMOP with it. The connection seems somewhat loose, however. Though maybe there hasn't been enough upside on PEX to find out. I don't understand why PEX is not in the market every day buying up all the SMOP they can at the lower price. There's nothing illegal about that and in fact they said they were going to. The only thing that keeps me from putting everything I own into SMOP for a quick guaranteed 12% gain is that things that look too good to be true usually are. I have not asked my broker if he can borrow PEX shares to short, but that's purely personal: he already knows too many weird things about me.