This is what make a diff between a company diluting and a company changing its share structure. My point is that it could have be dine without going private.
SB point is worth some reading. We are assuming the the percentage equity in inwith is based on the total A/S but it could be on a partial number of shares: company equity or shareholder equity... open question here:
You think there is no liquidity now? Wait till Hayes takes this thing private and it goes dark.
Beyond no liquidity, InWith will be frozen!
Furthermore, what's with the $50 number? Is Hayes slacking off? Why not $500? Or $5,000? It's just a number he pulled from his nether orifice. Could just as easily be $0.0005.
Bottom line, InWith will be private. There will be no market to determine the equity's value.