'AU74' pid='77187' datel Wrote:
'katytrader' pid='77184' datel Wrote:What's next would be the hearing of the appeal against the Veale decision approving the transaction. That approval is what is on the books and it is still up to Mulacek's lawyers to succeed after failing the first time. If they again fail, shareholders are left with the deal in place, likely minus the December dividend.
Do you know something about the details of today's decision that haven't been posted? Are you saying the court's prior approval of the deal is still intact?
All I know is what I read in Veale's decision to approve the transaction and then in Frankel's decision to stay the Veale decision, pending an appeal. Apparently there was a decision today to hear Mulacek's appeal of Veale's decision to approve the transaction. I don't know why they chose to hear the appeal. At the risk of getting hit in the eye with a pompom, I think it is accurate to say that Mulacek's lawyers are being given a chance to persuade this Court that Veale's decision.....approval of the transaction..... should be overturned.