FANT-
- BAM received the interest rate bump not DM
- I don't hold them in any sort of esteem, they are what they are. Back then they hurt the stock and the company, right now-- their interests are aligned with ours.
- your description of DM saying NO to increase their position is flawed: they own control already, costs of running the company past 6/30 have to be paid and one of those costs are is interest to DM to prevent more converts given in lieu of cash, if DM says "Company X's buy out of YYY Million dollars is too low then the company must find a buyer greater than YYY+1Million.
- I DON'T THINK DM PASSES ON A FULLY VALUED OFFER FOR ISC. A PENNY POOR OFFER-- SURE, A SEVERELY COMPLICATED OFFER- NO GO, BUT WHEN THE VALUE IS ON THE TABLE DM IS TAKING IT AS ITS GOING TO BE A HUGE PROFIT FOR THEM.
I don't see them as greedy pigs in this event.
