Leslie Chong Interview 3, page-19

there seems to be a lot of comparisons to VLA, notable because Paul H was involved in VLA. beside the PH connection, can anyone explain what the relevance of VLA is to IMU?

VLA got the best possible price in the market at the time... the take over the for VLA included a "go shop" clause, meaning VLA management had a reasonable number of days to shop VLA around to extract a higher bid. there was none! hence the take over at $1.75 was the best price. if someone came to you and offered you 50% above the current market price for your house with the chance to "go shop" that offer to try and get a higher bid... would you not take that offer?

just say, take over offer comes in at a perceived low offer of sat 5c for IMU... hopefully this will bring others out of the woodwork to immediately offer a higher price. in VLAs case .., there was no better deal on the table.

as an IMU shareholder, and an over sized one... i am obviously hoping for a better outcome.