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bernardsamuel

02/23/17 11:13 AM

#7588 RE: NorfolkIP #7587

Thanks, Norfolk, and perhaps this is one more "knowledgeable and unbiased" idea that just jumped into my mind. The outstanding shares increased from around 90 million to around 94 million from the end of the first fiscal quarter to the time of the proxy material. The only way I think that could have happened would be that Mr. Fife/TCA got some more toxic "true-up" shares, so he may have as many as 12 million shares by now (or perhaps he did sell some along the way).

If by some chance he does have 12 million shares, when you add that to the major three stockholders' 36 million shares, that takes you to more than half of the 94 million shares outstanding, which means that the deal will be crammed through. ...presuming that Mr. Fife is on board with the deal.

IMHO, y'all have one hope, and it is really far-fetched, which is to recruit Mr. Fife to your point of view. What have you got to lose - go pick a wise delegate to engage him after you've checked in with Lori Winther to see if it's public domain how many shares he/TCA held as of the record date of February 16.

Norfolk, again thank you - this has been a great place for me to hang out, and I will miss it.