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NEWS: Navarre Acquires Funimation




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Necros Antiquor



Joined: 10 Nov 2004
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PostPosted: Wed May 11, 2005 5:47 pm Reply with quote
I thought that the deal had fallen through, last I heard...
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Kalium



Joined: 15 Aug 2003
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PostPosted: Wed May 11, 2005 9:23 pm Reply with quote
Quote:
down from $127 million to $150 million

Down from 127 to 150...

Am I missing something here?
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Tempest
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Joined: 29 Dec 2001
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PostPosted: Wed May 11, 2005 9:28 pm Reply with quote
Kalium wrote:
Quote:
down from $127 million to $150 million

Down from 127 to 150...

Am I missing something here?


yeah, the rest of the sentence.

Quote:
This brings the total value of the deal down from $127 million to $150 million that was initially stated in Navarre's January 10th press release.


-t
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Tsunami Jones



Joined: 15 Jun 2004
Posts: 14
PostPosted: Wed May 11, 2005 9:52 pm Reply with quote
tempest wrote:
Kalium wrote:


down from $127 million to $150 million

Down from 127 to 150...

Am I missing something here?



yeah, the rest of the sentence.


Or, it still makes no sense, because it's poorly worded.

It should read:
Quote:
Down to 127 from 150...


The way those words are juxtapositioned make the sentance rather confusing.
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Tempest
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PostPosted: Thu May 12, 2005 12:12 am Reply with quote
Tsunami Jones wrote:

It should read:
Quote:
Down to 127 from 150...



No, its not down to 127 from 150.

I admit that the choice of wording was confusing, but it means what it says, not something else.

To expand somewhat, it's down to "$115,659,508 to $132,659,508" from the "$127 million to $150 million" originally stated in Navarre's January 10th press release.

It makes sense to say, "this bring the total down from $X that was originally ..." unfortunately $X is a range, not a fixed value. This is what caused the problem...

-t
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Tempest
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PostPosted: Thu May 12, 2005 12:13 am Reply with quote
Necros Antiquor wrote:
I thought that the deal had fallen through, last I heard...


Nope, the deal was never announced as fallen through. What was announced was that Navarre had decided not to issue more stock to finance it.

-t

Last edited by Tempest on Thu May 12, 2005 8:46 am; edited 1 time in total
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Necros Antiquor



Joined: 10 Nov 2004
Posts: 571
Location: Funny in a car crash sort of way
PostPosted: Thu May 12, 2005 5:28 am Reply with quote
tempest wrote:
Necros Antiquor wrote:
I thought that the deal had fallen through, last I heard...


Nope, the dela was never announced as fallen through. What was announced was that Navarre had decided not to issue more stock to finance it.

-t

Ah, thank you for clarifying that.
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