To: Gary Smith who wrote (8658 ) 3/27/1998 8:57:00 PM From: Little Engine Read Replies (1) | Respond to of 27968
Ha ha ha... what a day. Ira would never lie, come on! He'd get in soooo much trouble, right? Agressive, yet I don't know about brilliant... sort of like a grasshopper battling a lawn mower. I admire his guts but really question his judgement. By the way... I have an important announcement! I've signed a mutual agreement to acquire Microsoft. People claiming to represent me have contacted them. All I need to do now is to get Bill Gates to sign it. Quote from Brad: <<<<Looking at ATXI, I'd say FAMH really has ATXI over a barrel here. FAMH has lots going for it and ATXI is weak. It sounds like Ira is in the driver's seat. I think ATXI shareholders would be delighted to have this deal go through.>>>>> Who's over a barrel? When you say, we are going to take control of ATXI, but we haven't fixed a price yet, and want to do it within two weeks... then ATXI has you over a barrel. We're going to buy your stock...real soon.... we need it to get listed...now... how much do we have to pay you? The sound you hear is the ATXI board rubbing its hands with glee... delighted indeed. All ATXI has to do is to increase the number of round lot shareholders to stay listed (they appear to meet every other requirement), and there are many ways to do that. Or reverse merge with another BB... you don't think there would be takers? The way I see this deal, which I have always doubted would go through: 1) ATXI would issue 10 million shares of new stock, increasing its stock total to 11.41 million; 2) FAMH would trade its 40 million for the ten million issued; 3) FAMH would pay ATXI a certain number of millions to complete the deal; 4) New company formed. Everyone keeps talking about the 4:1 price ratio of one stock to the other... how would it even apply here? You can't say that the new 10 million shares are worth, say, $3 apiece before the swap. They're not... no need to merge if they are worth that much. You can't say that FAMH shares are worth a certain amount either, since you are trading them essentially for shares of undetermined value.The shares only have value post-swap, as I see it, not before or during the trade. And post-swap value will be based on the fundamentals of the new company... which nobody has yet! Sure hope, for all your sakes, that this news doesn't put a chill on the Myriad deal. What company will want to deal with Ira after this fiasco falls apart? Just thinking, L.E. P.S. Merger party in Chicago? I'm there!