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Makamai

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Makamai

Re: tmj post# 378

Sunday, 03/14/2010 5:02:25 PM

Sunday, March 14, 2010 5:02:25 PM

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The A/S was increased for one reason and one reason only - to enable the company to provide 40% of the O/S to the lender as collateral for the 350 million loan. (you don't get any sort of loan without some form of collateral in place as a safety valve for the lender) These shares will be provided in the form of Class b common shares w/o voting rights. In fact, the CEO will be buying back shares starting IMO next week, which will decrease the O/S and really tighten the float so he has stock to provide to the acquisitions for incentive plans. Keep the stock on your radar and watch it closely next week.

Makamai
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