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Re: trades4ever74 post# 28303

Tuesday, 10/19/2010 11:35:22 AM

Tuesday, October 19, 2010 11:35:22 AM

Post# of 32583
I disagree. If they were to announce that they/management are lowering the A/S count down from 100 billion to 50 billion or so, this thing would pop! I believe that the float/OS is far, far less than the A/S count. In addition, I think Raley and Watford are holding 30 billion shares or so.

They could voluntarily return 20 billion shares and retire them. That too would make it pop. A couple of press releases announcing the above would move this stock ATLEAST 5-fold.

Of course,it would take some sort of dilution/share reduction as mentioned above.

(in my opinion, of course)