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Re: fast001 post# 14309

Monday, 09/06/2010 11:47:06 AM

Monday, September 06, 2010 11:47:06 AM

Post# of 17004
You are correct; it won't happen with DMGM. The controlling company would be Montana Acquisition Corp under Henry Hudson as stated in the letter of intent:

http://sec.gov/Archives/edgar/data/1064270/000135145810000006/mac425dmsloi.txt

Since the document is the only basis for the discussion concerning DMGM stock, there's no reason to begin to exclude the provisions contained in it.
I do feel for those in a short position though because this deal does not bode well for them. Shorters may still be correct, if the deal falls through, but in the long position, negativity is not the option taken.
For this particular deal to make sense, the economy in Florida has to be improving. The only real value to DMGM is in the properties it owns and the development of them depends on a recovery of some sort. For myself, I find confidence in the current process completing, but we shall see tomorrow.
Best to all.

On a side note, there is a timetable of within 6 months after close for $2 payout per share. This cannot be changed after the closing if the Letter of Intent accurately reflects the Reorganization Agreement.

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