Saturday, January 06, 2007 1:03:07 PM
1)No increase in the authorized shares or shares outstanding as a result of the merger. That's very good news in my opinion.
2) The company didn't completely dismiss the idea of a potential reverse split somewhere in the future to help them get on Nasdaq. Not needed for OTC. Maybe my analysis and opinions weren't that far out there. No one said it was necessarily a bad thing.
3) 4-6 new stores open by end of January. That's positive. I look forward to feedback from those within the new markets on the response to the new store.
4) The CLT location seems to be moving along, with some admitted hurdles, so I don't know that there is any funny business going on, as someone posted could be a potential earlier.
All in all, they did a decent job of devulging info, and I look forward to reading the 8-page document regarding the merger.
Any others have any opinions on the call?
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