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Re: The Cheap Investor post# 289

Wednesday, 02/18/2009 4:34:51 PM

Wednesday, February 18, 2009 4:34:51 PM

Post# of 13354
I would guess that they were thinking that XLPI had so much stock outstanding, with little or no income that they needed another vehicle to attract new investors, bankers and key management. No doubt they could have loaded themselves up with stock if they so wished on the XLPI Side. I would also expect that they were trying to protect the assets that the company had from a possible BK.

Is it fair...probably not. But fair does not enter into the judical system. Are we still alive...maybe.