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Re: vikco post# 7705

Tuesday, 11/02/2010 2:19:30 PM

Tuesday, November 02, 2010 2:19:30 PM

Post# of 9604
Not sure what relationship it has with the new shares AMTD issued to the new CEO. But AMTD does have debt, so this would buy out their debt, and both companies would be profitable, and with cash.

They also said they would role back the shares recently issued to the CEO, which would significantly reduce the O/S.

All in all, I think it will benefit both companies. Looking forward to BnetTV shares being liquid. For regulatory reasons, they have to say a portion of the shares, and can't disclose the exact amount until the transaction is done.