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sceptor

07/21/06 6:15 PM

#7830 RE: petermic #7819

"Hi extra dough:

I don't think there's such a thing as setting the price when a stock is publicly traded. In an IPO it's done, that's the price that institutions will buy the stock, just before it starts trading. But this is not an IPO. And once the stock starts trading, no one is 'setting' the price.

Unless there's something I'm missing, which happens a lot with idiots."



Yes yes it does in fact, you keep showing fine examples of it too. They are considered a tax free merger, that allows them to reset the price at opening.

10 years experience, MBA, a verified idiot, And Short in FHAL.

Priceless.

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Shomidamoni

07/21/06 7:23 PM

#7883 RE: petermic #7819

Petermic,
Can' recall if Mr Harris also mentioned this on the conference.

http://www.investorshub.com/boards/read_msg.asp?message_id=12131862