Monday, September 15, 2014 12:21:57 PM
I know they can't buy shares for less than four cents. I wonder if L.P.C. can opt out of the agreement due to the substantial increase in the share count. I would think that the four cent price was put in because the increase had already been planned months ago.
If the share price drops to the .06 range then L.P.C.'s $18M could get them 300M shares. Who thinks Gerald won't need a good portion of the additional one billion shares to raise cash?
154M shares go to the 2014 Stock Plan.
It wouldn't take much to use up the one billion shares.
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