"indicate $1.26 x 21%=$1.52 offer and of course we, as long time holders of not would be ecstatic at such a generous offer. i mean 21 % over a friday close, who could argue? certainly the sharholdeers of the acquiring company might even think it too generous an offer."

I'm assuming there is a good deal of sarcasm/TIC in this. As for their shareholders thoughts, they are irrelevent to us.

"the bod 'boys' might also be thrilled and not worry even about instituting any shareholder rights plan. REMEMBER, WHO NEEDS IT AND IT CAN BE restarted in an instant even though history would also indicate the plans don't work too well."

If the BOD boys would be thrilled at this wouldn't they have been more thrilled last summer when we hit $3? I sense some disdain here and perhaps looking for trouble where it may not exist.

"not sure what the institutions who bought in at $4.80 would say but a few incentives could be worked out for them."

What incentives would there be for various institutions to accept losing money?

"so if frank says he thinks we might not be happy if he's heard correctly about a sooner than later attack/buyout, and if fwr/spq are both relevant in history's takeover scenario, don't look for a price much higher than my proposed dollar value."

Perhaps as a start... after that we'll see. Nothing is impossible but this attitude is unfortunate and certainly pales in light of the vigor NOT investors acted with when last we met with opposition. This is the conditioning that we've been exposed to and it is unfortunate that posters are already doom and glooming. Throw in the towel already?..... I don't think so "Tim".