Wednesday, May 20, 2009 5:44:57 PM
...they probably sold their block of shares for cash?
Not thinking that exactly.Joseph Meuse has currently received from the company 52% of the shares(3.34M) in order to control the shell,not cash.After the deal is done ,or just before, he will cash out by selling his shares.
This % number confirms that there are still 6.4M O/S. But it also tells me that there are only 3M float at the most.If the 8K is correct.
Still holding TYHR,my one and only shell play,didn't go well,lol. The thing i don't remember is: When the "corporate restructurer"(J Meuse in this case) received the over 51% majority interest in the stock,were they new shares or from treasury?
Anyway it's still risky,but the sooner the better,imo.
Not thinking that exactly.Joseph Meuse has currently received from the company 52% of the shares(3.34M) in order to control the shell,not cash.After the deal is done ,or just before, he will cash out by selling his shares.
This % number confirms that there are still 6.4M O/S. But it also tells me that there are only 3M float at the most.If the 8K is correct.
Still holding TYHR,my one and only shell play,didn't go well,lol. The thing i don't remember is: When the "corporate restructurer"(J Meuse in this case) received the over 51% majority interest in the stock,were they new shares or from treasury?
Anyway it's still risky,but the sooner the better,imo.
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