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kermit42

08/24/07 11:52 AM

#59764 RE: jabberstox #59763

OK, billions was an exaggeration, but almost certainly over 100 million.

4 (or 5--I'm not figuring it out without some kind of faith that I'll get them one day) dividends, with a conservative estimate of 3 million dilution at each step (the reality is probably twice that):

1st: 3 X 2 = 6 + 3 (for dilution) = 9 million

2nd 9 X 2 = 18 + 3 (for dilution) = 21 million

3rd 21 X 2 = 42 + 3 (for dilution) = 45 million

4th 45 X 2 = 90 + 3 (for dilution) = 93 million

5th 93 X 2 = 186 million

IMO, that is the minimum number of shares that would have to be issued. And the squeeze is long gone because of dilution.