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Re: blue finch post# 220235

Monday, 03/07/2011 2:40:54 PM

Monday, March 07, 2011 2:40:54 PM

Post# of 375420
There is always the possibility that Joe settles for something reasonable, which would allow the merger to proceed. I think most people hope this happens. Based on emails disclosed recently, however, the parties are still posturing extreme positions and don't appear ready to deal.

If I were Owens, I'd say - I'm giving QASP 25% - you folks decide anyway you want to split it up. I won't proceed until this matter is fully resolved and there's no overhang.

If I am Jeff, I'd be pressuring JC that his claims are meaningless while negotiating how much of my pre-RM debt is carried forward, rather than crammed into common.

If I am Dean, I am trying not to let everyone else throw me under the bus alone.

The outsider common holders are the party on the short end of the stick without a seat at the table - therefore the deal isn't going to get any better, and could be haircut quite a bit.

Or the whole RM plans becomes infeasible, and QASP fades to black.