SPQ "voting" for buyout

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SPQ "voting" for buyout

posted on Jun 22, 2010 11:25AM

I hear on a lot of various boards this and that, about how SPQ will vote down the 16.5 cent offer. As I understand it (please correct me if I'm wrong) this is basically Cliff's saying to all SPQ holders that they will pay up to 16.5 cents for any shares you wish to tender. There is no vote for the buyout. You are voting by selling your shares day after day at LESS than the tendered offer.

Just wanted to complain because I've read a million posts of people saying they'll just vote down the 16.5 offer and move forward with the merger. Cliff's can buy your shares on the open market, and plenty of people are giving it up at .16. If anyone here holds both companies and/or knows other SPQ holders, please tell them for their own sake as well as ours to stop selling so stupidly low, or we won't have the 2/3rds to make us ALL a truckload of cash.