DB..WS never paid 30c for any share. He did buy 1M at 26.5 and...

DB..WS never paid 30c for any share. He did buy 1M at 26.5 and continued to buy all the way down to around 18c. The T/O company would simply have to convince CKK shareholders that their converted investment would have a greater up-side with their company. ie established market, expert management etc etc....the same story any company "spins" to entice shareholders to approve the T/O...nothing too complicated about how they would go about it...It's almost a standard script. Even if WS is hostile to the T/O, he only owns 6% of the stock...I'm thinking he would be supportive of the T/O especially if he sees a better future upside in going along with it...L :0)