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Saturday, September 12, 2009 12:22:09 PM
First it does not say they are increasing the O/S it states that they are going to increase the A/S to make accquistions in the future. This means Sym understands the basic principle for stock it is your currency to raise money to expand your business. Since he understands this he is going to take the best actions to accomplish all of the requirements to meet the 51% disabled service vet requirement and make the stock worth the most he can. So I read this to mean they are going to issue preferred stock with 2-5 votes per shares to give Richard the controlling interest. Syms also realizes if he raises the A/S to 1B it will have a bad pyschological effect in the marketplace. So this is how I see Sym handling the issue:
We are at 657,000,000 O/S and 790,000,000 A/S So there are 132M more shares that could be issued. My guess is he would increase the by 160M to get the A/S under 1B which would be 950M. So I think they will issue around 100M preferred shares to Richard with 5 votes per share. This would give him 51% control even if down the road if the issue all of the 950M A/S that might be authorized. These 100M shares for Richard could be converted over a 10 yr period for him into common stock or something like that. This would give the company around 200M shares as currency for acquistions. I believe in a couple of yrs the stk will be worth 3-5 dollars so the currency will be worth 500M-1B. This might sound crazy but if they do 500M revenue in 3-5 yrs at 20% net margin = 100M profit divide by 950M shares = .10 per share X 30 pe = 3.00 share price
The reason I say I believe it be something like this is Sym is smart and another person I feel knows a lot stated to me they were not going to dilute and this person has been honest so far. (it was not sterling) This is how I see it playing out or in some form like this. I feel we will not get screwed but we will get rich.
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