Ann: Transaction Update, page-111

I don't get the hostility from AVL holders (look at their forums as well as here), only a couple of TMT forum posters have been anti-merger. For the vast majority of us it is just the terms.

Those people should ask themselves when was the last time they accepted the first offer in life. We have cash, we are close to EPAs, we don't need to just roll over. If AVL want TMT then come get it with an improved offer. I always have (1) the price I want, (2) the price I will accept and (3) the price at which if it is lower than this I won't even negotiate further.

I can tell you 12-1 is very close to price 3.

And TMT holders have every right to vote in our best personal financial interests, the talk about us needing to just accept it and stop "sooking" is borderline disgusting.

The chat yesterday over at AVL about us accepting it because the board have is stupid, as shareholders our incomes aren't on the line, and not all the board are shareholders.