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Thursday, July 22, 2010 8:57:01 AM
like the etc div not being spun off would
indeed result in an AS increase
I'm curious why certain posters are continuously slipping this non-factual statement into posts. This is simply untrue and is revisionist history. This *story* came about well after the fact to justify the company's failure to stick with their promise of no increase in A/S!
There was no discussion of this *connection* until well after the fact. Certainly the company NEVER stated that the purpose of the divy was to avoid an A/S...
Back in the days when the divy was proposed, EXPH *friendlies* were touting the massive sales, profits, and cash flow that the company was generating... not the desperate need to raise money via a spinoff...
Show me the PR where the divy/A/S increase connection was explained BEFORE the A/S increase...
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