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Monday, April 23, 2018 10:35:30 AM
We really do not know yet if he "destroyed" share structure because we do not yet know why he did what he did. If it was to match an existing companys share structure to facilitate a merger then it really didnt destroy anything but rather improved the companys future. Thats an assumption but one that I believe is the most likely of scenarios. If he did it simply to pay debt then I would agree with you that there were other more preferred choices.
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