InvestorsHub Logo
Followers 2
Posts 186
Boards Moderated 0
Alias Born 12/29/2004

Re: ctb post# 25212

Wednesday, 06/13/2007 11:52:26 AM

Wednesday, June 13, 2007 11:52:26 AM

Post# of 44006
Any new large investor doesn't need tens of millions of shares..

He/they need only to control any vote to go private or whatever take away deal they want..with around 18 million shares after the split..and CB's 2.8 million and ? how many friends & relatives shares..And what qty of common shares the 3.5 million preferred shares are converted..THEY BETTER BE SPLIT BACKWARDS TOO..If they are not..then CB will have 12=13 million more common shares..that alone can control the co.

So, at the most a new investor would need 18-20 million..probably at a cost of $1.00 discounted share..

So, the issue of 500 million a/s is not all that big a deal..even with 50 million a/s they can take over the co if CB wants that to happen..

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.