I'm afraid my own imagination just ain't this wild:
Imagine this....We have found a plentiful supply of diamonds, we expect to begin mining operations right away, we have decided to take CMKX private with a buyout price of $.50 per share, oh, and by the way,.... our TOTAL outstanding shares are 50 Billion (Buyout cost $25 Billion).
So...suppose they actually do find diamonds in a quantity worth exploiting. Where's the money gonna come from for actual mining operations?
Now...you suggest that at the same time Urbie (NOT "you") decides to take the company private at a buyout price of fifty cents a share. Hello? Where's he gonna get $25 billion? Max out his credit cards?
Many of you seem to have become so accustomed to "thinking" in billions that you've completely lost track of just how big these numbers are. I think also you're making a mistake in imagining there are "only" 50 billion o/s.
If I were you, I'd pray that Urbie doesn't take the company private. Are you aware of how that's usually done, especially with OTCBB and Pink issues? Management just does a gigantic reverse split, reducing the holdings of nearly all shareholders to zero. And yes, that's perfectly legal if you're a Nevada company.
I suggest once again that you familiarize yourselves with the history of Urbie's earlier company, Petro Plus.
