Friday, March 30, 2007 9:48:35 AM
Ok, let's take a look at this through Sandy's eyes. I need to consistently put out daily progress reports up until April 30th and try to suck as my people into this as possible before the deadline passes. The better I appear to the shareholders, then more conversions, which equals more up front cash.
Even if Sandy takes this cash from the conversions and applies it to the buyback program, we are still taking 1 step forward and 2 steps back as far as dilution is concerned.
If and only if I saw concrete news before April 30th like: BKMP's stake in TFN increased, or share structure significanly decreased. But I would really like to hear Sandy say, when he states we are buying back shares is, "We've bought back 500 Millions shares on our way to 5 billion. The O/S was 12.3 billion and now it is 11.8 billion" He never addresses the current O/S. So he could be simultaneously diluting and buying back and we would never know the difference. He just seems a bit to shady for me to commit my cash to him for 2 + years without the ability to pull it out whenever I want. But this is only my opinion.
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