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jking1999

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jking1999

Re: beigledog post# 3478

Wednesday, 08/30/2006 4:24:44 PM

Wednesday, August 30, 2006 4:24:44 PM

Post# of 5965
I'm not sure you can use the figures you are using. I think we need to see the 8K to have a better idea.

One problem with your figures is that you are assuming that the 70% of the 210 million shares will be repurchased for 24M. I'm not sure that's exactly how to read that. The statement is 70% of the operating income for one year to buy up to 120M shares. How much are the shares being bought at? At 24M maximum, it implies that TCLL will be buying those shares back at .20 each. I seriously doubt that is the price they will be paying.

I think we need a bit more detail. Hopefully we get it in the 8K.
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