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Alias Born | 01/21/2006 |
Tuesday, May 22, 2007 4:55:04 PM
The OS was 13.6 Billion shares (no questions about this, it has been posted on numerous occassions)
A number of public announcements have been made (PRs) stating that (1) the first buy-back is completed; this was scheduled to be a 1 Billion share buy-back. (2) A second buy-back of up to 5 Billion shares was announced and (3) an update was announced stating that 666 Million shares had been purchased from the second traunch of buy-back.
This should have resulted in a reduction in the OS to 12 Billion shares.
During the Traders Nation interview (pump and dump scam perpertrated on shareholders) SW announced that the OS was "around 15 Billion and that the float was 14 Billion shares."
So how does one see an increase in the OS and Float above and beyond that of the previously known OS (13.6 Billion) and show absolutely no effect of a supposed 1.7 Billion share buy-back???
Psssstttt....answer....DILUTION.....now it isn't bad enough that many here suggest that the increase in the OS is due to restricted shares resulting from the conversion of the preferreds (debacle)...but yet the Float increased???
Notice how there are no PRs any longer....during the entire time up to the conversion and then the big dump on the Traders Nation interview BKMP was pumping out PRs left right and center....guessing that the dilution is finished but that the OS and float are both higher than what SW stated!
Too bad really, SW could have really made something of this stock and the shareholders could have seen a good ROI....instead he screwed the shareholders!
I agree with whomever posted the notion that the "buy-out" will not take place for one reason or another...or that shareholders will get screwed out of any ROI related to a buy-out of BCO/TFN!
I think MG ought to address the shareholders of BKMP...and speak for our investments in TFN!
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