Turbine Aviation Inc (TURA)

[OldKnight]

They (Price, et al.) wanted to take out the small stockholders in order to a) not have to share the value of the soon to be merged company's assets, and b) to reduce the number of shareholders to a manageable numer, probably below 300.

They will now authorize additional shares. The sale of these shares to raise capital will be announced in conjunction with the announcement of the reverse merger of the asset holding companies into the GLGT shell.

This have the effect of placing the assets of the company behind the stock, raising cash, and diluting any remaining pre-merger shareholders.

The current insiders will avoid dilution and recoup their value under the terms of the merger. Probably in the form of stock and/or warrants. Everybody wins. (exept those like myself who were long and paid for a valuable lesson)

As for attorney Price, aside from any insider information he may have disclosed under trading rules, IF his disclosures were not authorized, he would be guilty of divulging confidential client information thereby putting his law license at risk.

HOWEVER, if he engaged in an authorized leak, thereby discretely making previously inside information on the reverse split public through this forum (and likely others), people in the know could then dump their stock based on now public info and have a defense to claims of insder trading.

This is of course just wild speculation. What sayest my fellows?