hey Brad, but remember Tac-air's ownership of the company is going to be roughly 2.5B shares, per the 8-K released in Dec. There is a 1 year lockout of all tadf and tac-air shareholders owning more than 1% of the post merger outstanding shares. So. in otherwords, any individual owning more than 55M+ shares will be locked out from selling any shares for a one year period. That means Korybut and all the TAc-air execs will have to hold on to their shares for a period of a year without selling a single one. Since my initial investment in 2006, TADF has never done a RS, they have however, repurchased shares a few times. But, you are right, the only way a RS makes sense if its done to get us in the Nasdaq or AMEX. but, i wouldnt be surprised if they initiate another share repurchase program sometime down the line.
GLTA
