Teleconnect (TLCO)

[pennypauly]

The 144's add up to 3,383,447 shares purchased at an average price of .45 cents.
That total share value is $1,522,551.00 just for the 144.

If the court awards $1.00 a share that equates to 3.3 mil. Only for the 144's.

Now if you take that $1.00 and multiply by the float of 215,000,000 the settlement equates $215,000,000.00 million dollars!! The stock was trading from .40 to 1.23 so $1.00 seems very responsible amount.

It seems to me the only true numbers the court can figure as an acceptable settlement amount is to give an amount per share


Just speculation....