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Wednesday, March 17, 2010 11:18:22 AM
If it was "done", you would know the following:
The name of the suitor
Whether the deal was for cash or stock
If stock whether the stock was restricted or free trading.
The tax treatment of the deal.
The above issues are always disclosed on any legitimate buyout.
Since you know none of these things, there is no deal. This buyout is a scam. Shareholders will never see .01 value for any "deal" this con artist company is trying to pump.
Furthermore on any legitimate deal, the company would not be allowed to raised its O/S by 10% the day after they had come to an agreement. They would also not have any reason to jack up the A/S by 40% the next day. This company has done both of these things. This is a joke. Not a deal.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution
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