![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, May 13, 2009 7:51:23 PM
in any meaningful way.
They used to own less than 3 Billion old 'shares' ,
which is now less than 3 Million new shares ,
out of the newly Reversed Total of 10 Billion ,
which is 99.97% owned by the Not-Quite-Yet converters ;
leaving 0.03% for ALL of the old longs , combined , Total ,
[unless they buy some more , and don't sell any].
But, we almost forgot to remember that TS
ALWAYS OWNS his UNdilutable 80% ; which means that :
TS Always owns 80.000%
Converters own 19.994%
All ~4000 Commoners own 0.006% , combined
which is an average of 0.0000015% each
which is LESS THAN 1 SHARE OUT OF EVERY 66,666,666
Just to see how insignificant that is ; if the CEO spent
proportional time , talking to each shareholder , in
accordance with their percentage of common ownership ,
he could only waste less than HALF-A-SECOND per YEAR ,
on each average old long ; and that would take 21.3 hours
per day , Every Day , Including Weekends + Holidays.
Leaving only 2.7 hours per day for Sleeping + Eating ,
and hanging out in the bathroom , and Nothing Else.
So , All combined together , the 4000 old longs are worth
less than 2000 seconds per year = 33 minutes TOTAL , yearly.
Can't blame TS for avoiding the old longs , and saving up
those 33 minutes per year , for his annual vacation.
extra , Sincerely .
One last thought : The ~4000 commoners now own a Total of
~2.7 Million New common 'shares' , or about 675 shares for
each average common long. And, today's close was 1.2 cents.
So, the average long owns $8.10 'worth' of seawas , which is
not even worth selling , except for the tax refund.
Averaging-Down is profitable for shorters , only [and All pinky/penny CEO's + Brokers + M&M's].
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