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Beandog

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Beandog

Re: nutsyprofessor post# 23427

Thursday, 01/17/2013 9:33:16 AM

Thursday, January 17, 2013 9:33:16 AM

Post# of 26138
No dillution?

BPAX shareholders own 100% of the company today but will own approximately 47% of the combined company AFTER the reverse split. Not too mention the inevitable issuance of additonal shares after the merger for "general corporate purposes".

Yep. We will own less of the company tomorrow than we do today but I am supposed to feel good about this because Simes said there will be no dillution. Huh?


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