virginian: You know that I don't believe for 1 second that any such offer was made - RA makes patently false claims all the time (2M to move the items to Las Vegas?).
But let's give you the benefit of the doubt. If there was such an offer (actually, he was quoted the next day as saying he turned down a 75M offer), it was one of the biggest blunders he could ever make.
What do you think would have happened to this stock if he took the check, put out an 8K announcing the deal, which outlined exactly what he was going to do with the money)?
If there were any shorts (which I don't believe either), it would have hurt bad. And it surely would have made some of his current stockholders quite well off financially.
Ok, so he would have had to pay a shitload in capital gains on the 50M, or on any profits he ever makes on this deal (if any), but there certainly would have been plenty left over for buybacks and dividends.
Oh well...
