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Enterprising Investor

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Enterprising Investor

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Re: None

Monday, 11/02/2009 8:27:30 AM

Monday, November 02, 2009 8:27:30 AM

Post# of 35
Updated mission.

A&B Capital, at 5/24/00, owned a total of 7,346,114 shares of SMRK and 7,965,541 shares of SMRKP, which on 4/30/04 was converted into an additonal 682,799. The adjusted total would 8,028,913 shares.

The 10/24/06 filing shows ownership of 50.04 percent. This would approximate 30,776,812 shares.

A&B Capital would have needed to acquire 22,747,899 shares between 5/20/00 and 10/27/03. However, only 7,413,400 shares traded between these two dates, per historical provided by NASDAQ. [Thanks AIOS]

I now suspect the shares were newly issued.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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