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re: Ann: Binding Cash Offer Received for West... a stinker?a...

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  1. 324 Posts.
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    re: Ann: Binding Cash Offer Received for West... a stinker?

    a binding cash agreement which values a portion of our tennaments at nearly double the current market capitalisation of the company is not relevent to shareholders?

    $13M / 160,000,000 shares (approx) = $.08125 cps

    so thats .08125 cps + the worth of COY's other tennements.

    for this instance, lets say COYS other tennements are worth nothing (which whey aren't)

    SP before the announcement was made $.04

    $.08125 compared to $.04 cents

    if cash was distributed would be a 203% return if you bought prior to announcement.

    seriously think the offer was a stinker?

    i would have taken it!!!
 
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