Friday, January 02, 2009 6:31:28 PM
Yep , there's the 1.3 billion or so shares outstanding , or were anyway ... higher now? But , and I know you know this so I'm just mentioning it for redbeard's info: There's the other billions of shares YAGI has rights to via warrants (which keep getting repriced lower) and floorless convertible preferred shares. Seems like they would want to sell them if NEOM got valued at $400MM. In fact , YAGI would probably be the elephant blocking the stampede at the exit door on its way out lol.
What was that number we worked out a while back , something like at .001X per share YAGI had rights to another 28 BILLION shares? And that was before these latest tranches , which of course give YAGI rights to more shares.
Of course , if the PPS rises that number starts shrinking , but still ... even just 10 billion more shares being dumped out there starts knocking that .30 down to something closer to .03.
Good luck to us all!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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