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Re: russwinter post# 218

Friday, 03/28/2003 12:47:05 AM

Friday, March 28, 2003 12:47:05 AM

Post# of 547
bayview/russwinter

Do we know for a fact that MOY shareholders will receive NEM shares as a distribution. That is, do the NEM shares go to the company (MOY), or direct to MOY shareholders? Please advise. How sure are we of this fact?

Are we sure that the $2M cash (assuming this partial cash option is taken) will be distributed to shareholders?

I would assume the 2% NSR will go to the company (i.e. MOY) and not to shareholders? Are we sure of this or not? Please advise.

Would appreciate some comments here... Successfully arbitraged the BAY.to merger with PAAS, and this MOY merger arbitrage appears viable. Accordingly, am considering buying more MOY and shorting an equivalent position in NEM. Thanks for any input...

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