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Post# of 79921
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Renavatio

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Renavatio

Re: None

Thursday, 05/31/2007 9:16:38 PM

Thursday, May 31, 2007 9:16:38 PM

Post# of 79921
Never answered the first time and I still want to know the board's thoughts...

Where do you think they came up with the $.06 price point for the conversion? Just an arbitrary number, something tied to profits, what do you guys/gals think?

There's no FA numbers that I run that would put us at $.06, unless that's the eps and the pps at no multiple. It could also be linked to book value of assets but who knows. If that's the case, come mid-June we're all going to be some VERY happy PBLSers.

IMO they didn't just pick that number for no reason...

"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org

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