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Re: ltesprit post# 186070

Saturday, 11/12/2005 3:34:56 PM

Saturday, November 12, 2005 3:34:56 PM

Post# of 279080

Itesprit, honestly I don't think its a problem Frank holding major portion(53%) as long as he doesnt sell it. It grants him the full control of this company. But I do agree that humongous share count and ongoing dilution is a problem for shareholders like us. If Frank is a good CEO, he should buy back shares from now onwards up to 20B...Since the pps is dropping gradually every week, he can probably complete buyback in a month or two and would cost ~$5M. He can do the this without informing shareholders so the PPS would remain low during buyback. When the buyback is complete, the float would 1 or 2 billion. Frank can then retire ~20B of his personal stock and maintain 53% of company ownership. I think this is what he should do as a good CEO

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