to answer your first question, I had heard and read just about everything the rest of the board did, which was a bit before they announced the certed share buyback.
2- as I have said before, if they DO have exactly what they say, the upside is huge. IF they file the necessary paperwork with the SEC and take their medicine re: the shares sold into the Katrina spike W/O a registration statement, wind up with 815 million shares, 80 million shareholders equity, etc. its a no brainer. If they are lying (or could very possibly just honestly reporting as they see it internally, which would be different than what an auditor would allow) ,about their financials/capital structure, there's a whopping lawsuit which still mitigates alot of the risk at these levels, since their holdings exist, and are functioning companies. If they have exactly what they say and file with the sec, I would expect .12 or higher. My personal expectations aren't cast in stone, since 1/2 of the information I use to project prices cannot be relied on, since I do not believe any of the company's projections. I'll just buy when its oversold, and sell when its overbought.(hopefully) I am not still buying, the last buy I had was at .0105.
Another thing I found strange is that in your post of the info from the deed they offered shares of an LLC. LLC's do not have shareholders, or shares, by definition. Thay have members. An LLC cannot trade on a market.
