To: Bear Down who wrote (1482 ) 1/15/1999 12:13:00 PM From: Joana Tides Read Replies (2) | Respond to
How MLRE has done debt-free financing of several recent Acquisitions impresses me, in that it has been done without putting The Company into debt! Acquisitions are often done with share trades and no cash; and the buyer's shares traded to the acquired Co. for a nice premium rather than present value is a common deal as well. The new holder of the shares, then, has no interest or reason to devalue the market price, why would they? Anyone who built such beautiful Auction Houses as these is too intelligent and independent to do such a thing! Let's take Lucent as an example; I recently voted Yes to an increase of shares on my LU proxy. The Co. stated that the reason to vote Yes is so Lucent needs more shares now; whether to trade for acquisitions or in order to split the shares. The proxy specified that there were no promises or statements being made about the possibility of splitting the shares, and whether or not they do, it's fine with me if Lucent expands even more by acquisition with the shares. Holding LU long, that's as much to my own interest as an immediate split. I feel the same way about Millionaire/Millionaire.com, or wouldn't have bought it. The $2.50 MLRE shares as registered must be held for a year; so by the end of that period if this Company keeps on doing as well as it has Just In This Past Month (!) even if all shares were sold on the same day, the demand for MLRE on the market and the price would soon stabilize. Just sharing my own considered opinion not arguing, and so you have another, which I highly respect. Seeing great progress every day by this Company, and as with any speculative venture, due progress must be monitored and evaluated.
