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Re: BRIG_88 post# 42210

Saturday, 05/15/2010 1:38:41 PM

Saturday, May 15, 2010 1:38:41 PM

Post# of 312015
since I am new here, can somebody explain why people are so excited that Honest John gave back 31million shares?

I mean he did get 1 million preferred shares with 100 to 1 voting rights. Sounds like a pretty good trade. He could dilute to 199 million shares and still maintain a majority.

I am sure honest John would never vote for a way for him to trade those back to common and certainly wouldnt dilute like that without a great reason, right?