Friday, May 11, 2012 8:34:07 AM
Let's take Freedom's estimate of the total potential damages for the bond to cover of $4 to 5 million. Remember, this estimate is just to cover potential damages for the time the injunction is in place. Let's multiply the larger number by 10 to get $50 million. This figure is approaching the number that GERS may receive for all damages over many years so it is certainly large enough to cover the bond amount. The premium would be, for this hugely inflated number, $1 million per year paid in quarters or $250,000 per quarter. This is not chump change but the real premium amount is likely much smaller. (If Freedom is stating that the premium for the bond is up to $5 million that would mean the bond amount would be a quarter of a billion dollars -- that's not reasonable).
Therefore, the quandary I have been trying to alert people to: either GERS revenues are not what we think them to be or the revenues are going elsewhere. If the revenues were any where near our expectation the money for the bond would not be an issue. Clearly, GERS is not using the increased revenue, if it is coming in, to pay YAGI. So we are left with an interesting quandary -- one far more interesting than arguing about the level of dilution when we will know that number by the end of the month, and when the number itself is not that important; understanding the reason why it is occurring is important. I think that the conundrum is inescapable -- something we have no knowledge of is going on, it could be good, bad, or indifferent. The fact that KK acknowledged that it will occur doesn't change the fact that things do not make sense and there is something important going on and we have no clue what it is.
So, when the afternoon dilution dump of 50,000 - 80,000+ shares occurs today give some thought to the what the REAL meaning of these trades are.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM