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To: MCsweet who wrote (26450)4/5/2007 5:12:30 AM
From: Madharry  Read Replies (1) | Respond to of 78652
 
khdh/ssalf this is interesting just read the pr release from khdh which wants to spin off re assets. they say its subject to canadian approval thats because from what i remember its owned by the german company which is 1/3 owned by sasamat. so if they dont get approval for sasamat minority purchase they cant spin off the assets. according to them the re assets alone are worth some 2.45*2.81*15/3/8= $4.30 a share of sasamat but they want to buy our shares for $4.40. They have got to be kidding.