A few weeks ago it was noted that FXPT changed the share structure to bring down the OS to 525 million from 1.6 billion shares. People seemed to think that was a good thing, but I don't think anyone read into the details of what FXPT did. They issued 60 million preferred shares to Lieberman, which converts to common shares at a rate of 20-1, or 1.2 billion. So right now they have 2.4 billion shares that are authorized at their disposal. I wonder what they could do with all those shares??
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