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To: upanddown who wrote (44243)5/7/1999 11:40:00 AM
From: JungleInvestor  Respond to of 95453
 
John, you only have to follow the PZE Yahoo Board to see the anger towards Pate (PZE's Chairman who rejected the $84/share offer). One poster's Yahoo id is "I_Hate_Pate". An analyst calculated that the offer translates into $65/share for the stand-alone PZE (the automotive products portion was spun off since then). Can you imagine what 1 TCF will do for PZE's asset value when the winter gas shortages hit?! (at the $7 - $8 Mcf mentioned by Doug Fant's acquaintances).