It is possible there may be a backdoor listing on the NASDAQ but I do not for a second believe CS would recommend that course and so for all the reasons stated above I firmly believe there will be a delist offer after M&A is completed and in advance of the NASDAQ listing, a process unlikely to be completed due to all the myriad due processes, before Dec 07. The TZ principals such DR, AS, JW, CK, JF and others will be maximising their returns and a backdoor listing is second best, and generally a poor second. They appear to be adding to holdings by large amounts, a good enough reason for me to stay satisfied with my growing investment. Each to their own analysis but I am not for changing.
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