Ann: ERAMET takeover offer for MDL, page-4

We need ILU to make a counter offer of $2.00 and then I will accept.

While its nice to get a 7 bagger in around 3 years of holding this speccie, I agree with others here that the offer is vastly undervalued given the potential. I was willing to just keep holding on for another 3-4 years to see what would happen as MDL is a small part of my portfolio.

One thing I do not want is to become a trapped shareholder in a majority foreign owned entity. They would find ways of saddling the company with debt at high interest rate via related parties and siphon off the profits to themselves. With only 52k shares, I do not have any real say in the running of the company so I may accept if I see their holding approach 50.1%.

Interesting that they already have FIRB approval - this t/o has been in the wings for some time.

Looking forward to the reaction of MDL Board of Directors and chief shareholders. We need an independent valuation.

GLA.

loki (money is money, but I am hoping for more)