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lesnshawn

06/09/06 1:10 PM

#303 RE: anw226 #300

anw226: The .90-1.00/share "efforts" comes from yesterday's PR.
http://biz.yahoo.com/bw/060608/20060608005336.html?.v=1

Basically, the company wants to get back to pre 1:10 split levels of around there (I actually think it was about $1.20/share at split time). They are helping to accomplish that by wiping out a ton of the A/S and buying back 25MM of the outstanding/float, to hopefully accomplish that goal (50-55MM oustanding/float). I say that because it will actually be about 150MM or so O/S but over 100MM of those are restricted and controlled by management.

Here's a good explanation provided last night on the breakdown there (Thanx, Fonzy35!):
http://www.investorshub.com/boards/read_msg.asp?message_id=11508922

lns

p.s. - Firehawk7_2000: Any possibility to add a "memorable posts" section on the I-box info? Fonzy's would be a good one there, IMO. Just an idea. Thanx for the service you're providing here! :) lns