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Monday, January 29, 2007 9:28:01 PM
A question has been nagging at me for the last week and I haven't been able to answer it to my liking one way or the other.
I think many, if not most, have been assuming that the LOI announced last week was in addition to the ET LOI: what if it's in lieu of the ET LOI?
This might explain the large blocks being dumped since the LA LOI announcement.
What if it's been determined that BIGN cannot, for one reason or another, get the whole enchilada? Or, to put it another way, BIGN has been shopping for ultra luxury pre-owned vehicles. However, their champagne tastes don't match their beer pockets, so the salesman has walked them across the street to the bargin barn to kick tires on those cars that have only been driven to church by little old ladies?
As I said, I haven't determined one way or the other if this is the case. However, based on BIGN's lackluster performance heretofore and their inability to accomplish their announced intentions to date, (not to mention their seemingly willful desire to obfuscate all shareholder communications vis-a vis PRs!) I don't think my skepticism is unwarranted.
If anyone has a compelling arguement to refute my suspicions... I'm listening.
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