RE: RE: RE: RE: 60/40.....how it will landA few things to consider here (and why I bought more with this news):
-Management's not stupid - MTB made this agreement for a reason, and a lot of it has to do with cash - as in - they don't have it. Maybe management can't vote, but their big pocketed friends and institutions can. And they are not stupid either; they will vote with management. You think the Hornsbays of the world (or whatever his name is) have more shares than them? I don't think so. Anyway, let's hope not - for MTB's sake; otherwise they'll go bankrupt for sure - they have no cash! And so far, at least, the market seems to be agreeing with me here, as you don't see MTB stock taking off (seems the reverse is occurring for now).
-Okay, it appears DEC just canceled about 4 million shares with their NR. That's 20% of the float! This thing has to go up on that news alone.
-And finally, with this tentative approval from the Exchange in the books; we should now be able to see more results very soon. I am guessing they were being held up, pending the Exchange's announcement.
100% CORRECT