The Other Frank...Thanks for the reply...I don't want to beat this to death...because it is all guess work...but, but, but...
1) Cinemax should have shareholder(s) even if it is not publically traded....but, now that you mention it, I tend to agree that the "shareholders approval" refers to TMM.
2)If Cinemax is to acquire TMM....that means TMM must be "cleaned up".....then, they are going to back the "whole enchilada" into another public shell....
Why do that??? TMM is already public. And, the acquisition of a new shell is more $$$ to spend.
3) So, I would conclude the real purpose of the new shell is to radically reduce the QBID shares in float....the approximate 165 billion now in float will be reduced to 25 billion...(if i read the proposal correctly).
4) But, Fan could accomplish the same thng by simply doing an R/S....and, retaining the TMM shell as the public entity....I don't see the need for all the "gyrations"....seems unnecessary.
anyway, let's see what happens.
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