Caught up with my readingWell, after reading the posts here and the PSD Director's Circular recommending rejection from PSD management and Seitel's Offer to Purchase document, I called in my broker to reject Seitel's offer. I think the future prospects of the company, the stable and growing cash flow, the culture of management to maintain a growing dividend ... these are worth morth than the opportunistic $3.10 CASH per share.
As for Durward's posts here on this board attempting to defend and rationalize Quantum's "no money down" proposed offer for PSD, except for brain-dead beings, no DIY investor will ever be that foolish to hand over control of the business to Durward without him putting substantial amount of his own money into the offer. At least Seital is making a cash offer.
As for Firewall, isn't it a "no no" of OSC's regulations for shrills to post on message boards without identifying him/her self first as having insider relationship the company. Since Firewall has direct access to Durward who is an officer of a corporation making the takeover offer, he could be considered an insider. I would think there are laws outlawing insiders who do not disclose their connection prior to shrilling on message boards.
Good thing we have copperlover on this board to look after the interests of the ordinary PSD shareholders... I thank him.