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Monday, August 20, 2007 9:17:10 AM
To me the R/M coupled with a R/S makes perfect business sense and will be a genuine asset to the company and to the investors. (If all is on the up n up and the serious investors ignore the Bashers who have already arrived.)
Now, I’ll explain my thinking here:
If I were the CEO of this new company, which was in the process of a purchase/merger and subsequent transformation into a publicly traded corporation and I had the opportunity of a doing a R/S to make the price of the corporate common stock to begin trading at .24, with the realistic expectation that it would soon be trading in the $2 range, ...rather than beginning at .0002 and hoping for it to soon be trading at .0016 (which is exactly the same percentage of increase to the investor - 883% increase) which would I prefer??
As a company involved in "acquisitions" ...image is important. And the "image” of a company whose stock is trading at $2 is completely different than a company whose stock is trading at .0016 even if the Market Cap is identical.
With the pps above $1 allows new options for the flexibility of this new company. The hope is now of course that A) The price goes above one dollar B) The CEO has no need or intention of diluting the value into the sub-penny range.
We don’t know. We wait.
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