Tuesday, June 04, 2013 8:13:44 PM
JB has around 100 million shares, so those could be taken back and deducted from the total of 390 million which would make our shares more valuable by 25%--less dilution.
Most importantly, the 100 million Preferred Shares will be removed as well--it was part of the same deal.
He has access to 20 million shares for voting or selling. JB has to be prevented from selling other shares or else the authorities will have a harder time getting the money back vs. retiring/returning the shares.
I know that the BAM merger in late 2011 has "sketchy" written all over it--some of the others who participated directly like CJ and Kim should have their shares or money (proceeds) taken back too.
What will be the result of the investigation? I have a feeling we will know in the next 60 days.
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