Thursday, March 26, 2009 6:47:34 PM
50M shares. 50M DOW shares @9.50 equals about $480M.
I think it would be more like 35-40M shares. More like 35M shares worth a little over 335M. Then it would be a little over .15 per share of EESO. They could add a little cash too.
But after looking at it I now think if we got stk it would be in this range and we would hope for DOW stock to grow 10-12% for the next couple of yrs. If DOW doubles or triples in that time frame we will do fine and EESO will have the capital and resources to grow. I would go for that.
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