Gnome of Zurich

[GnomeOfZurich]

The dumbest post ever.


I hope he was joking about this because it is funny. This is about SPNG.


<"A Post from earlier today, from a very wise man, that is definately worth re-posting!



Posted by: ??????
Date: Friday, August 14, 2009 12:05:07 PM
In reply to: None Post # of 165156

Tell me if this would be a good plan. Assuming that there is 2 billion air shares and assuming that the shorts know they are eventually going to have to pay up.

A/S = 2.75 billion
O/S = 722 million
Difference = 2.028 billion

Company issues 2 billion of the A/S and sells to shorts for them to cover at $30 per share, for a total of $60 billion dollars

Shorts are off the hook and all our air shares become legit shares.

Company does Tender Offer for all but 100 million shares at $20 per share.

We sell for $20 per share, we're happy, Company pockets $10 per share profit.

Company goes to nasdaq with tons of cash and O/S of 100 million shares.

Since they own preffered shares with voting rights of 100 votes per share, they can force the Tender and we have to sell.

Works out great for everyone except shorts of course. Keeps SEC out of it and everything is done in an orderly fashion.

Is it workable? ">