I agree with you on this Judy. One key though is I think it will be a kind of agreement between Mr. Hayes and the partner since EPGL has first right of refusal for the PWC shares he could work that into a reduction deal.Of course I don't know the securities rules around this.
On the subject of PwC shares. IMO those PwC shares have already been dealt with as part of the deal with whomever it is we are partnering with. In other words those PCW shares will be sold to the NYSE partner. Then after PwC is out of the picture I wouldn't be surprised if our new NYSE partner & Michael Hayes do a share structure reduction (like Mr Hayes wanted to do in Feb) bringing the authorized share to less than 2.99 Billion.
If it happens that PwC bought out then shares need to be reduced to 999m....499m float and 500m for Mr Hayes. <1Billion would look real good and he keeps control. If management needs more shares then buy up some of the float.