Wednesday, May 26, 2010 8:25:47 AM
In order for SNRS to complete a downhill merger they would have to grant shareholders the same amount of shares in the new company. It would make sense for SNRS to try to tempt current shareholders into selling by inflating the current pps to a level where people would bail because of the amount of shares they hold, hence the fluff PRS, therefore buying back all or most of the shares themselves.
Thats why I was stating earlier that I do think they care about the share price right now as they are trying to get investors to sell before the merger.
Now imagine if you don't bail, no matter how much you are tempted and the merger goes through.
United Power Solar opens up with huge sales and takes off as a legitimate successful company.
Now I know this is far reaching at the moment but imagine owning millions of shares.
My God you would be loaded!!!
Heres the downfall, you don't sell at a price where you would make a pretty profit because you are holding out for the merger and this turns out to be just another scam. My God that would be devastating.
I do not think we are doing enough DD on Rothman here. He is the key to this whole scenario.
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