Consumer Portfolio Services, Inc. (CPSS)

[KOmani]

Looked up ownership and seems management has shares about 15 million shares after exercising options.

Of course 8.8 million in options seems a bit much.

If there is 22.7 million shares before that means each is worth $5.95 with the $135 million bid.

If we add the 8.8 million in options to the 22.7 million outstanding, there is 31.5 million outstanding.

That means the $135 million bid is only worth $4.28 a share.

This is troubling.

Seems a bit ridiculous that they have options to buy so much more.

I guess the shares are trading above the price if we fully dilute the shares out?