see this Matt??? yet you let GorbyBOY talk his chit day after day after day. Yet you put me in jail for posting FACTS and let him post about his DREAMS. what a moron you are. This is BS! and you wonder why people call you a prick. Just like with shakerzzz, YOU ARE WRONG AGAIN.............
check it out:
By: clockwatcher10
15 Jun 2006, 08:16 AM EDT
Msg. 2820 of 3002
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Update: New numbers from the TA:
This is a repost to correct a formatting error in my first post. Everything was in bold text. This version is a bit more readable.
Totals on 5/23/2006:
Tradable: 44,507,805,817
Restricted: 28,233,767,126
Total: 72,741,572,943
Totals as of 6/14/2006
Tradable: 47,507,805,817
Restricted: 22,033,767,126
Total: 69,541,572,943
Tradable increased by: 3,000,000,000
Restricted reduced by: 6,200,000,000
Overall OS reduced by: 3,200,000,000
What do the numbers say?
To start with, Dan took 6.2 billion out of his restricted portion. Then, from the 6.2 billion shares, he took 3.2 billion and retired them. The remaining 3 billion ($300,000 @ .0001) were either cashed in or spent on projects unknown.
Mugsy, so you wont think me a total waste of human DNA, I'll give this scenario a positive spin. Dan spent the $300,000 on worthwhile projects that in the future will guarantee a rise in the PPS.
For those who want to dig a little deeper, it should be clear by now that the PR's of reducing the OS are not what they appear to be. According to the numbers, since all the shares came from the restricted portion of the OS that means nothing needed to be purchased on the open market. So, all the talk of the volume relating to Dan purchasing shares on the open market are suspect. The recent volume may, in fact, have been SMMW selling the 3 billion shares (dumping) on the market to raise funds for undetermined reasons.
So, Highwayman, to answer your question. Yes, it is possible for Dan to reduce the OS and dump at the same time. He just showed you how to do it. JT, your assessment was dead on.
What is the end result? Well, retail investors deal with the tradable portion, not the restricted. Dan just added 3 billion more shares, to the tradable portion, that have to be moved before any PPS increase is possible.
In addition, one has to reconcile the above information with the PR's. Note in several of the PR's where it's mentioned that the shares will be purchased b That phrase makes it sound like we have the eyes of lenders and large institutions who are waiting in the wings to help us out.
In light of the TA figures, however, it begs the question of what funding, if any, was needed to realize the above results? The simplest way to interpret the above is that Dan took 6.2 billion from his restricted pile, shares he did not have to pay a dime for, and converted 3 billion into cash or deals and the remaining 3.2 billion he retired. If the simplest answer is the explanation, then where does all this talk of cash and institutional lending come in? Smoke and mirrors?
As always, these are my opinions. They may be right or wrong. Let the reader make up their own minds.
June 5: "announced it is initiating a share buy back program and will buy back up to four billion shares of Company stock."
June 7: "announced it is funding the Company's share buy back program through a combination of cash and institutional lending."
June 8: "announced the Company has retired six hundred million shares of outstanding common stock, to be returned to the
Company's transfer agent and cancelled."
June 13: "to increase shareholder value through share buy backs and the cancellation of outstanding common stock has
reduced the total of shares issued and outstanding by 700,000,000 shares."
June 14: "announced the Company retired and cancelled five hundred million shares of outstanding common stock."
STOP CENSORING THE TRUTH MATT!!!!!
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