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emulwa

08/12/06 11:24 AM

#23018 RE: MLR_Lite #23010

This is the only way out.
Assume 71billion O/S
The company needs to get a $7million secured loan at about (APR will depend on the company's credit score). Or even borrow against its compensating balances, and then buy back 70billion shares which should be retired immediately. That leaves 1Billion shares outstanding. Management should not be allowed to hold more than 5% of the O/S (I would vote for this so that even if they dump the 5%, it would not have any effect on PPS). By the way, these officers are well paid IMO. Now guess what will happen to the PPS. It will definitely shoot up. The revenues from all its affiliates should be consolidated and pay off the $7million within a couple of years. The higher PPS will of course improve the market capitalization of this company, and its affiliates would be in good shape. Interpret it as you wish, but this is the only way out IMO. All we need is $7million. A private placement would suffice too.