If I were writing an Intel analysis I would list a dual number--app 20% actual at present/app 5% potential after a hypothetical maximum dilution. The rest of the analysis would focus on the degree of confidence said dilution will or won't happen. We have seen the effects of dilution first hand here at WSGI so if I were owners of DAC with large numbers of shares, I would be slow to press for maximum dilution. The two scenarios in which it would seem advantageous would be if you are trying to secure majority ownership or if you felt the stock price could absorb the dilution. Seems like there would be some tricky judgment on the latter. As to ownership/control--they had it with their own CEO, etc. but turned it over quickly to LTASCorp/WSGI folk. There are probably other scenarios along the kind of Wall Street piracy Gotcha seems to know more about than I do so my analysis would involve a lot of research into areas my knowledge base is weak. So I will learn more getting you, RW, Run, Real, Ins, Mad and even Coasti to talk about it. So I am enjoying this discussion. My comment last night was about the 5% that Coasti and Cole treat as certainty when it remains, at least technically, hypothetical. By the way, tough day for our COB. On July 4, 2007 he lost six Canadians from their mission to an IED in Kandahar. Like many combat vets, anniversaries like that are tough for him. We will raise a glass to them as brothers in arms today--join us if you want and honor those here, like Coasti and others, who have served. The debates here at Ihub town are not the real conflict IMO. Best regards, IJO
