No, It says 'Motion DNA' should know on or before closing Wednsday next week. I expect we will not know until Thursday or so:
Press Release Source: Motion DNA Corporation
Motion DNA Corporation Issues Notice to Shareholders
Friday June 17, 10:00 am ET
PHOENIX, June 17 /PRNewswire-FirstCall/ -- Motion DNA Corporation (Pink Sheets: MTDX - News) issued a reminder today to all qualified shareholders as of the record date May 16, 2005 that today, Friday June 17, 2005 is the last day to vote on the proposed acquisition by Formula 51-2, LLC.
Those qualified shareholders who have not yet voted may still exercise their vote at any time during the day as specifically instructed in their voting materials packets up until the cut off time of 12:00 a.m. Saturday, June 18, 2005.
Votes will be tallied by ADP Investor Communication Services and Motion DNA's Stock Transfer Agent early next week. The vote outcome is expected to be reported to Motion DNA sometime before the close of business on Wednesday, June 22, 2005.
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I think those who are willing to ride it out, myself included, are holding. Those who have lost nerve or think this is just too good to possibly be true are selling. At least that is why I think the price is doing what it is.
Bottom line...If the vote is "yes", we get $3.125 for each share outstanding...PERIOD. That is the terms of the offer.
If the vote is "no", it will likely drop. The uncertainty is what is making the price jump around...but there is no uncertainty about the terms of the agreement.
jc
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