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steel58

11/29/06 3:12 PM

#21152 RE: Pennies88 #21151

Question?
Does anyone know exactly how many shares of SOMPF there will be. Math says approx 9 million to current shareholders plus warrrants on about 18 million more. How money other shares will be in an IPO?
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LCLiving

11/29/06 3:12 PM

#21153 RE: Pennies88 #21151

That is the plan. They have basically stuck 100+ million IOU's in shareholder's accounts. When those accounts don't receive the divy, they will call their broker demanding it. The MMs that sold those shares and FTD(failed to deliver) them will be responsible. It may take some arm twisting but by law they have no choice. That is why there is still a battle to fight and the potential for a big squeeze yet.