InvestorsHub Logo
Followers 438
Posts 13668
Boards Moderated 6
Alias Born 07/16/2008

Re: mimurray post# 16298

Thursday, 08/28/2008 6:39:05 PM

Thursday, August 28, 2008 6:39:05 PM

Post# of 32583
Agreed 100%. The increase is required for the possible CD conversion and to insure that the company has adequate reserve shares to stave off a takeover bid, and to fund future growth. With the total "possible" conversion estimated at approximately 750mil, the requested share increase is of 1.5bil should not seem so unreasonable by experienced traders/investors. IMO of course.