Friday, July 27, 2007 7:46:30 AM
Lou may also be correct in that some of the shares may have been cancelled...leaving a mere 98-99M out. IF BD can manage to repurchase a good percentage of those shares back, and can deliver a positive cash flow, we should see a rise in stock price (and who knows, maybe a company, or two, might show an interest in growing via acquisition.
Re Shares out - what's done is done. Other than the buy back, there's little to be said or done about that.
The only stumbling block to BD achieving its potential - for shareholders - remains Lanza.
If Black Dragon had not become a public company, and had remained a Lanza Family enterprise, Lanza relatives would be singing Lanza praises for quite some time. Jayne could make monthly trips to go on $30,000 shopping sprees in Dallas or wherever she chose. Mario could enjoy long life in the islands.
Now look what Lou's trying to do to that fine family.....he, with the help of us, is looking to tear them apart - send them packing - and all for the good of shareholders. Amazing what greed does to some people....:>)
Hang in there....BD's past and past performances are about to become meaningless - at least to new or recent investors in BD.
ps: I can't help but think how much it must be paining JL to have to sell BD shares at a time when he surely must know they are about to begin going up.
Happy Friday!
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