Research Pit

[Waitedg]

Lonestar/Doubloon - The comments of mine relative to TDYH were assumptions--perhaps imporperly derived. I talked with an Officer in Platinum--and he stated he was more involved just with the transaction from Platinum's side. A slight difference with you. The pool,I believe is 7.52 per share--rather than 7.56.

Maybe if we put this all together we can evaluate things better. Assume deal falls through. Then we have a Tandem that was trading as low as sub $2--but very undervalued. Price would likely tumble--as one can imagine the confusion in the mind of "average Joe investor". Now--if the deal makes it--and correct me if I am wrong--I think the Tandem investor gets 4.50 divded by 7.52 toward each 7.23--current price of Platinum itself. Thus the division gives us 60% or .6 X 7.23 toward each share of Platinum or the cost equaivalent of 4 .34.
Or putting it quite simply, the current Platinum price is being bought at a 40% discount.

So one might think, if not a TDYH holder at present--what would the risk be to TDYH current buyers? A similar 40% dicount from the current $3 would take us down to $1.80.