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Gold/Mining/Energy : TDYH - Tandem Energy Holdings -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (6)1/27/2006 8:05:30 AM
From: rrufff  Read Replies (1) | Respond to of 42
 
I figure it's worth way more than the 4.50, but they got tired of complaints from shareholders. So they let the stock tank and now there is a buyout at a big premium.

I'm cynical but what the heck, I made money because I kept buying as it moved down. I still feel the play is worthwhile given the big spread.



To: Glenn Petersen who wrote (6)1/27/2006 7:31:24 PM
From: eik  Read Replies (1) | Respond to of 42
 
<<In addition, the closing is conditioned on holders of fewer than 20 percent of the shares of Platinum Energy issued in the IPO voting against the business combination and electing to convert their Platinum Energy shares into cash, as permitted by the Platinum Energy certificate of incorporation. >>
What exactly does this mean? I see this as the only possible obstacle to merger completion.


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