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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Dusty who wrote (1355)	5/2/1998 11:34:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 9440

I believe that we can count on the insiders to do the 'right' thing as they own the majority of shares. They aren't going to give the farm away for peanuts. They have a heck of a lot at more stack then we do. I almost would love to see a hostile takeover attempt, because in order to do attempt it they would have to buy as much possible of an extremely tightly held float (~3 million when the MIDLP converts to common). Even if they did aquire enough of the public float. Fisher, Spriggs, et al. own the equivalent of about ~25 milllion restricted shares (after converting their restricted preferred, which probably has an automatic conversion for hostile takeovers). Friendly takeover/buyout -- maybe. Hostile takeover -- No. Kurt