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Re: Bad Gambler post# 100406

Tuesday, 08/23/2011 11:15:37 PM

Tuesday, August 23, 2011 11:15:37 PM

Post# of 103302
They only own 10% of the common stock. The other 60% of equity they have is in preferred shares. Thus ALL non-insider common stock represents only 30% of the equity in LLEG according the LLEG website.

So how important is the value of the common stock to them? Not as much as one might assume if their 70% control was all common stock. It's value is more important as a vehicle to do deals.

Again, what is the payout due them going to do for the common stockholder? Based on currently available information, which ain't much unfortunately, it is reasonable to assume not much....if anything.

Maybe it will...but I have yet to see any reasonable argument that it would be meaningful in some way.

But time will tell....

Awaiting the PR.
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