Tibet Pharmaceuticals, Inc. (TBET)

[The Rainmaker]

I read the craziest thing about TBET, not sure it correct but if it is.....

TBET has $26 million in cash left over from their IPO last March, done at $5.50 per share.

It would cost the CEO $34 million to take TBET private using the $3.00 per share he offered and number of shares he doesn't already own.

So my question is can he pay $34 million and get $26 million of it right back when he takes TBET private? Sounds like he can buy the company back for $8 million and roll it back out on Hong Kong Exchange with another IPO in a couple of years for $40-$50 million. They're trading for 3X earnings now.