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Thursday, December 15, 2011 7:31:38 AM
I remember in Jan/Feb/Mar of 2010 when Rosie’s plan was too originally to cancel equity and issue new shares after chapter 11 exits for $25.00 a share and I BELIEVE there were going to be about the same number of outstanding shares and this would be 200-300 hundred million. They are going to do the same thing with conversion and keep in mind the market is only valuing this at what the filing says now without the additional information that will be forth coming.
They are NOT including anything other than the 250-300 hundred million they claim the company is going to be worth. This will be valued IMHO at $25.00 a common share and that would explain why the EC is very happy. You may have many less shares but they will PROBABLY start at 25.00 a share and then skyrocket!
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