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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?


To: Pierre who wrote (291)11/3/1997 11:11:00 AM
From: Jason Chesshir  Read Replies (1) | Respond to of 1923
 
Do the math peoples!

"LUNN said the two companies agreed in principle to an arrangement in which LUNN shareholders would retain an approximate 26%
fully diluted interest in the combined entity through an exchange of one share of the combined corporation's common stock for each 10
LUNN shares and about 8.3 shares for each Technical Products share."

1 for 10 reverse split per the merger! Lunn shareholders got screwed!



To: Pierre who wrote (291)11/3/1997 11:14:00 AM
From: Andre Daedone  Read Replies (1) | Respond to of 1923
 
If the MM open the price on ATPX at the closing of LUNN, and are going to reduce our shares by 90%, I smell a big fat lawsuit in the air. LUNN's fundamentals were very good at 1 1/2 per share and as I remember the deal of the merger according to Sergio was 1 for 10 with a 10X increase in price at closing 10/31/97. This would be fine with me. The 1 for 1 is even better. If we get screwed on this deal I would suggest everyone start calling their congressmen and letter writing to the SEC, because this is not right.

Andre'



To: Pierre who wrote (291)11/3/1997 11:18:00 AM
From: Emec  Respond to of 1923
 
Pierre, for my thoughts on DATEK or any of the mega "discount brokers" see my comment on Ameritade. You get what you pay for in terms of advice and executions. GO ATPX!!!!! HURRY!!!!!!!!!!!!!