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Re: drifterfcrc post# 93660

Wednesday, 02/21/2007 11:11:46 AM

Wednesday, February 21, 2007 11:11:46 AM

Post# of 203990
drift- I'll see if I can do some research over the weekend and find that number. The reason I asked is, if Pandey adn co are working hard to make it succesful which they are in my view, they would like to be rewarded for it. In other words they should get a big pie of this success. If they don't have significant holding now (which I beleive they don't) at some point betwen now and the real success (factory completion and huge revenue) they have to issue thmeselve a lot of shares. My gut feeling is that they will issue a majority, if not all of the remaining A/S to themselves at some point.

That doesn't mean they will be selling the shares but the O/S will increase to say for example 3.5B That will affect the market cap and the pps.

That is why I am investigating how much they own. For example if they own 50% of the company stcok they will do still good after the sucess. But if they dont own much they have to issue shares to themselvs.

IMHO.

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