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drifterfcrc

05/27/09 2:05 PM

#144747 RE: boehmer #144745

Bottom line for me is WHO is the company? Is it a Foreign Company? Mark told me in an email that if so then would be traded on a U.S. Exchange at least. Who knows how liquid the new stock is? Might not be easy to sell it. Who is to say that the NEW STOCK won't go down from the share swap PPS??
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RS500

05/27/09 2:08 PM

#144751 RE: boehmer #144745

Tough one to call, the stock may well be restricted, meaning that a shareholder might not be able to sell the stock for several months, in which time the stock may (or not) decline, the other problem is where is that stock traded? if it is in some other country in some obscure excahnge then how tradeable is it going to be, and finally what is the level of reporting on that stock? and is it regulated by a recognized authority?

So the stock unless it is a WELL known company trading in the US it is not the most satisfying payout, thus the inclination towards cash, or at least a greater portion of the offer.