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No. of Recommendations: 4
The change in the nonafilliated vote requirement is the worst part. Even if everyone that voted against the deal last time banded together and hired a proxy to vote our shares in China at the meeting, I'm sure any arb firms involved would do the same and would win because the unvoted shares wouldn't count. I asked a friend who is a corporate legal counsel to let me know if there is any illegality in doing it this way for a company registered in Nevada.

The Special Committee hasn't accepted any new offer yet. I guess one big question would be whether they would still have to get a new fairness opinion and how crazy would HL have to change assumptions to get an ok to it now given that 2013 is in the books and came out much better than they last expected and that management has already said on the last conf call that the new manufacturing facility is only in the early stages.
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