I have worked with Juno professionally and their products are first rate and their service is on the button. But as a shareholder I am undecided how to vote on the merger. On one hand it seems like the BOD has worked hard on finding a buyout --strategic or financial as evidenced by the narrative in their recent mailing. On the other hand the deal that was finally cut seems awfully favorable to Fremont Partners and the magangement of JUNO. I think the LENS group has some good points in their letter. And I don't understand why JUNO doesn't just repurchase shares and retain full control and full public ownership of the company. I disagree with LENS that a public auction should be held. I think if they just repurchase shares--that will raise the price per share and the shareholders will get the value. Was JUNO's original sin that led to this muddled state of affairs---that they were holding too much cash?---inviting the raiders (like LENS)? What would Michael Price do?Thanks for any thoughts you have since time is short.
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