EX-99.C14 17 a10703a3exv99wc14.htm EXHIBIT 99(C)(14) exv99wc14
 

Exhibit 99(c)(14)

Mercury Air Group, Inc.

Comparable Stock-Split Transactions
                                                             
                Stock Split 1   Ticker       Pink Sheet   LTM     Market Cap      
Transaction   Date     Company   Ratio   Pre   Post   Purpose of Stock Split   Quotation   Revenue     EBITDA     At Split     Premium to Fractional Shares
 
1.
     2/1/2005     Fidelity Federal Bancorp   1:30,000   FFED   FFED   Termination of SEC Registration   N/A   $ 1.5       N/M     $ 19.9     N/A
 
                                                            
2.
     1/19/2005     Max & Ermas Restaurants, Inc.   1:200   MAXE   MAXE   Termination of SEC Registration   Possible     183.0       12.0       32.6     22.7% and 21.5% premium to 30 and 60-day averages
 
                                                            
3.
     1/10/2005     Trek Resources, Inc.   1:100   TREK   TREK.OB   Termination of SEC Registration   N/A     9.6       4.1       6.4     13.9%, 39.7% and 73.6% premiums over 1-day, 90-day, and 1-year
 
                                                            
4.
     12/22/2004     KS Bancorp, Ltd.   1:200   KSAV   KSAV.OB   Termination of SEC Registration   Possible     11.6       N/M       26.3     17.7% premium over 90-day average closing price
 
                                                            
5.
     12/8/2004     MAI Systems Corp.   1:150   MAIY   MAIY.OB   Termination of SEC Registration   Possible     19.6       1.5       6.4     11%, 10% and 7% premiums over 30, 60 and 90-day averages
 
                                                            
6.
     10/12/2004     Spectrum Laboratories, Inc.   1:25,000   SPTM   SPTM.PK   Termination of SEC Registration   N/A     13.3       1.9       12.4     22% premium over price of last trade before announcement
 
                                                            
7.
     9/30/2004     Giant Group, Ltd.   1:300   GGLT   GGLT.OB   Termination of SEC Registration   N/A     5.3       N/M       5.4     19.4%, 21.7% and 37% premiums to 1-day, 10-day and 5-years
 
                                                            
8.
     3/5/2004     Steel City Products, Inc.   1:300,000   SCTP   N/A   Termination of SEC Registration   N/A     N/A       N/A       N/A     20% premium to 12-month average
 
                                                            
9.
     2/26/2004     Big Buck Brewery & Steakhouse, Inc.   1:10   BBUCQ   BBUC.PK   Termination of SEC Registration   Possible     16.4       1.3       0.1     73.5% premium to average price during previous quarter
 
                                                            
10.
     2/20/2004     Pacific Aerospace & Electronics, Inc.   1:11,000   PARO   N/A   Going Private - GSC Partners   N/A     62.2       (5.0 )     3.1     Equal to average of last 10 trading days
 
                                                            
11.
     1/28/2004     Daleen Technologies, Inc.   1:500   DALN   DALN.OB   Termination of SEC Registration   Possible     18.2       0.2       5.5     37.6% and 87.5% premiums to last 6 months and year
 
                                                            
12.
     1/9/2004     Safeguard Health Enterprises, Inc.   1:1,500   SFGH   N/A   Termination of SEC Registration   N/A     126.5       7.2       11.7     57.3% premium over prior 12 months