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hardasset, Always looking at a 1/2 empty glass

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GeorgiePorgie   Thursday, 09/04/08 09:23:14 AM
Re: MasterBlastr post# 7172
Post # of 16404 
hardasset, Always looking at a 1/2 empty glass can be very misleading.

Instead of thinking in terms of dollars with regard to the escrowed shares and the significance of same. Think in terms of percentages.

In other words with regard to the secured Debenture, what percent of the O/S do the escrowed shares represent?

Just for the sake of the example using rough lumbar here, It looks to me like around 30% of the O/S is held in escrow to secure the debenture. I would say that is quite a significant percentage wouldn't you? And do you even know why there is a secured debenture in the first place? and in the second place, have you ever seen a pinkie with a secured debenture much less a CTA and NFA pinkie?

The glass suddenly looks a lot more then 1/2 full to me.

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