Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MCsweet who wrote (39419)	9/27/2010 8:43:39 AM
From: Madharry	Respond to of 78688

I would disavow the "expert" nomenclature but as it stands now. great deal for ttt shareholders, not so good for mfcaf shareholders as i feel like i was offered to sell my shares which are mostly cash at a 30% discount. as an mfcaf shareholder i would want 1.2-1.25 ttt shares per mfcaf share so right now im voting no on my way sub 1% stake in mfcaf. I also dont understand the part about the khdf spinoff going to mfcaf shareholder as they have already distributed a lot of the shares to ttt shareholders.

To: MCsweet who wrote (39419)	9/27/2010 9:56:22 AM
From: Madharry	Read Replies (1) \| Respond to of 78688

I bought more ttt shares. tried to sell 1/2 of mfcaf but no takers at the price i wanted to sell it at. so im going to hold and hope they up the exchange offer to get the deal done. i suggest mfcaf holders email the company and just tell them you are voting no until they come up with an offer more in line with the friday's closing price which was an exchange of about 1.35 ttt shares for each mfcaf share. the 1-1 ratio is grossly unfair to mfcaf shareholders.

To: MCsweet who wrote (39419)	9/27/2010 10:44:23 PM
From: Madharry	Read Replies (1) \| Respond to of 78688

I listened to the conference call on ttt side about this proposed merger. Smith seems confident that mfcaf shareholders will approve this merger. said everyone he spoke to before was positive about it. I wonder if he told them the terms too. by my calculation of the nav per share on 12/31/90 was $9.72 and they earned .48 for the 6 months ending 6/30 then the nav should be at least $10.20. now one thing he said on the conference call was that after the merger each shareholder would get .85 cents worth of khd stock as a dividend which is coming out of ttt pockets. i have not verified it but assuming those numbers are correct its still hard to justify a 1 for 1 exchange. and no wonder mfcaf tanked on this announcement. I sill have not figured out the numbers that they have submitted as part of their pr i will look at it tomorrow, but unless there is info im not privy to i think we r getting screwed.