Thursday, July 31, 2008 3:22:55 PM
"they're buying up to .015, and won't let go less than .02, complete takeover price is likely .04 or more (imo)"
Does .0X offer relate to all outstanding shares or a portion? It doesn't make sense the way Im looking at it...Maybe you can shed some light as to what a buyout offer price entails, in terms of how much will be paid by the purchaser of a company with X??billions of shares??Would that not have a price tag of $billions attached? FFGO is demanding no less than .02 for the free float shares that they have (4XX million free floating)...Now, that cost for HGLC to buy FFGO shares is much lower than the cost for a company to buy out HGLC entirely, then why is Lumb's group wanting contol over this company? To continue with plans? or strips its assets and pull out value immediately?am i wrong?
-PD.
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