56 cents, which is only about $8.2M, is way too low to pass.
I cannot see the mutula funds, Vannini, or Eaton voting for it. These represent about 60% of all MPH shares. The 23% Forsythe holds wont count as "disinterested."
BTW, it looks like Forest Bond was spot on about CART's financial situation. Pook confirmed that CART will finish the season with less than $8M in the release today.
