To: Mike O'Hearn who wrote (3462 ) 7/26/2003 12:16:02 PM From: dvdw© Read Replies (1) | Respond to of 4400 This is an important issue for a stock with an announced Intent of For Sale. The day of the press release at the highs the Arbs shorted the stock heavily. A Natural reaction exacerbated by a negative quarterly report. The Arb function between the announcement and the climax or final sale, is to grab shares at the lowest possible price, to accumulate positions where their weight can be felt in the final stages of the takeout. Because so many shares are owned not by funds but companies and individuals the registration matters to the voting outcome. If your positions are held in a margin account they are in street name available for further short fuel. In an end game, the shareholders need to be counted on to vote a final decision, the more shares held by individuals that are not shortable, hurts the arbs efforts in several ways. By maintaining full awareness of the playing field the Indi Inv. can be a material factor in the outcome. If possible our shares should be under the shareholders control and callable if the short game intensifies. In this situation, share price weakness is Obfuscation for the purpose of accumulation. The longer the ambiguity lingers the more shares come out through a channel of ignorance.Price suppression is for the purpose of Accumulation. Your choice now is to Act in your best interest and other shareholders; or forfiet your weighting to the arbs and their proxies every share available can be shorted and that is not good for the investors. There is plenty of fog enveloping this buyout, just knowing fog, as a construction of those controlling the game, can greatly help the individual investor to think clearly and act responsibly, be smart in the face of the actions of those opposed to your own, if not we become fodder for their churn.