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Wardo

09/10/13 10:15 AM

#41759 RE: Wardo #41758

One consideration is that Cape management (Toms, et al) have no reason to 'dissent', since they are part of the >80% who arranged and approved this action... so if they are keeping their shares, I'm keeping mine.

It begs the question, how much of the remaining <20% of shareholders do they truly expect to turn in their shares in exchange for a 'fair value' and actually make a difference? I'm halfway wondering if this is actually an 'out' for the liquidation of the dilutive shares owned by a certain hedge fund.
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buyunder5

09/10/13 10:54 AM

#41767 RE: Wardo #41758

From what I'm reading, the company is required by law to honor dissenter's rights, and this is not a plan devised by them to reduce the share count. Shareholders have the right to dissent from corporate acts such as a merger or sale of substantially all of the assets of a business and demand payment for fair value of their interest. I'm holding.