Friday, October 03, 2014 5:13:38 PM
If I'm correct L.P.C. still has to buy $18M worth of shares at some point in time and their objective it to maximize the number of shares that they receive for their $18M. At .06/share they would receive 300M shares. At .10/share they would receive 180M shares. If I were them I'd prefer the additional 120M shares. They'll do whatever it takes to maximize their profit.
It's obvious why Gerald needed the additional one billion shares.
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