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kanzler

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kanzler

Re: None

Wednesday, 07/04/2007 5:12:43 AM

Wednesday, July 04, 2007 5:12:43 AM

Post# of 78
NAV consideration

I have gone through Action's quarterly and annual report and come to these NAV figures:
ROL: $87.8 million
AEC: $120.9 million

Accordingly, ROL should get 42% of the combined company, but we are offered only 32%.
If there is no good explanation for this in the circular (which we are supposed to get before end of July), we should vote "no".

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