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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..
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