Replies to post #191 on Consumer Portfolio Services, Inc. (CPSS)

[KOmani]

Looked up ownership and seems management has shares about 15 million shares after exercising options.

Of course 8.8 million in options seems a bit much.

If there is 22.7 million shares before that means each is worth $5.95 with the $135 million bid.

If we add the 8.8 million in options to the 22.7 million outstanding, there is 31.5 million outstanding.

That means the $135 million bid is only worth $4.28 a share.

This is troubling.

Seems a bit ridiculous that they have options to buy so much more.

I guess the shares are trading above the price if we fully dilute the shares out?

[beyondfruit]

I was thinking opposite, that they will respond prior to the shareholder meeting. It makes more sense to me to do it that way. But who knows. Clearly I was wrong about the short data as it seems like there is no rush to cover. But, only 2 weeks until this plays out one way or another. Bottom line is that they have an offer 30%+ higher than the current price and are seen as very undervalued at this price. I still contend the final price will be in the $7.50 or above range.

[Paullee]

Company's CEO says the offer is unsolicited, and he has never spoken to the guy. The Board will consider and respond by 10/30