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Enterprising Investor

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Enterprising Investor

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Re: Enterprising Investor post# 25

Monday, 05/09/2016 5:49:14 PM

Monday, May 09, 2016 5:49:14 PM

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Expect a flurry of law firms seeking to represent shareholders.

Why?

The board waited six months to approve an inferior deal.

When the earlier deal was announced on 8/06/15, MHGC rose 6.7% to $5.63. The deal fell apart on 11/04/15 after Jason Kalisman indicated his firm opposed the deal and some large Morgans shareholders also had concerns about a merger, in part because it would have given board control to SBE, according to the WSJ.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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