'KWG is worth more in sum than SPQ. The only slight concession is that SPQ does have a slightly lower fully-diluted share base'

quite frankly, the price of either doesn't worry me in perhaps thinking one is better than the other at this point.

what bothers me is the ridiculously low price offered to either one of them. i really have no interest in voting any other way but for the merger because cliffs has chosen to think little of me by their low ball offer.

i'm sure their shareholders are pleased with the 'toughness' they're showing in negotiating this takeover, just as they were thrilled with the fwr bid.

for me, i'm embarrassed that they hold such little esteem for me and my shares.

that's the other point of view. it's all perception of where one is at.