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Re: lowman post# 22940

Friday, 09/12/2008 12:05:05 PM

Friday, September 12, 2008 12:05:05 PM

Post# of 35633
Lowman I am in it for the long run but here is another view of what we have. I just saw in the last 8K filling dated 9/2/08. That LTC is a subsidary of our company (we know that) but we only own 86% of it. I take it that E O Paton Institute and or International Association of Welding owns the other 14%. Do they own 14% of the stock or just 14% of the LTC. If they do not own the stock. Then with the new IPO if it gets 30% owner ship. Then 86% of the company times 30% equals 25.8% of the company LTC really gets or 25.8% of the profit. We get only 60.2% Instead of the 70% I thought we would get. If they give LTC more. Like at one time we were keeping only 51% of it. In that case we only get 43.86% of the profit. To me it is like we have over 80 Bill. shares for the whole company. Because we are giving away 50% 0f what we own. Like I said just another view.

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