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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: TradeOfTheDay who wrote (3665)10/7/1998 11:32:00 AM
From: Dr. Seuss  Read Replies (1) | Respond to of 18998
 
Read the release....

....This offer is subject to among other things, further due diligence and the completion of a signed definitive merger agreement with REXI.

Didn't FP pull this same trick. Oh, yeah, we're making progress....then it ran from $10 to $12.75 and dropped from $12.75 to $4.

When push comes to shove, all they have to say is that REXI has to restate earnings due to funny financials (see Pluvia report) and they aren't going to buy it.

I really think this is a stall technique to create a squeeze and let the insiders get out at a higher level.

$15? I call bullsh!t on that!

Better yet, I call Shenanigans..... Quick officer Barbrady, do something!

Dr. Cartman



To: TradeOfTheDay who wrote (3665)10/7/1998 11:40:00 AM
From: Dr. Seuss  Read Replies (2) | Respond to of 18998
 
HOLD YOUR SHORTS!

My declaration of Shenanigans stands. I call Shenanigans on REXI.

This is too fishy. Those that know would have been buying yesterday/and before(yeah, I know it's illegal, but that's how it goes) and we wouldn't have seen the decline we have if the offer was anything other than Shenanigans.

I'm giving this a Shenanigans with Flies ranking (just kidding Mr. Pink).

Dr. Seuss

This message is my opinion. Do your DD, think about the people involved, the market and go with your gut.