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Message: Re: Thoughts/Questions on Poison Pill

Someone sent me a pm and asked whether I thought there would be another offer. I answered with this.

"if you could buy a brand new car at half price and you were in the market to buy a new car and all the new car dealers are raising car prices because there is a shortage of new cars........would you buy the car?"

Without using pie in the sky......or perfect scenario valuations, do a net present value calc. on CMM. It doesn't make sense that there wouldn't be another offer as we are worth closer to 1.20 in an all cash deal. We're trading at just over half price right now. We'll see another bidder imo. With an offer of 1.00 they will still be getting a great deal!

And...."YES" ......management can and will continue to reccomend the WTG deal as fair value simply because the current trading value of WTG is 3.50 and that "technically" makes their offer "fair".

Be patient and sit tight. The tree will get at least one more sound shaking.

.........carry

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