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

To: David who wrote (17318)	6/26/2003 6:10:48 PM
From: rjm2	Read Replies (3) \| Respond to of 78958

Hi Guys ! Im back after a long suspension by the old moderator who apparently liked pump & dumpers more than those who expose them. Anyway, I still have some EBSC although I started buying at prices in excess of the $6, I guess I am glad to get an endgame, but I do feel they are TRYING to screw us. The ONLY reason why the bidding wasnt opened up and a real auction began was because the insiders wanted a sweatheart deal for themselves. It makes me question EVERYTHING thats happened over the last few years. Have they purposefully kept the price down to benefit themselves ? With interest rates being so low and the net current assets so high, this deal will finance itself. Still, it HAS to make more sense for a larger chain. The big question now is what kind of break-up fee will the insider group get if a higher offer does come ? That is money RIGHT OUT of shareholder pockets. As for fairness opinions, if you pay an investment banker enough he will tell you a $50 offer for a $100 bill is fair. This thing STINKS to me. But, it requires a 2/3 of shareholder vote so they wont win if the majority feel as screwed as I do. I would have hoped Summers would have responded by now. He has had all day ! But, as I mentioned on the yahoo board before, he hasnt really had a look inside so he is playing handicapped. I wonder if he was REALLY interested or his offer was just to entice management to up their offer ?