Good morning Rainmaker, I'm having a little difficulty understanding how they can sell shares that have been retired into the treasury, surely once they are sold, they are then part of the O/S again, even if restricted. Will they be sold as preferred shares or CD's or what?
that is the best post and level of sound reasoning that I have seen on here for a while. he did say that in the CC that those shares could be sold and used for raising capital to open a new store or new stores. they also said that the other stores and leases wouldn't cost close to the $650,000 to open the first one.
i would think most of the ppl on this board despite their lack of trust and nervous natures are wise enough to know that money doesn't grow on trees. and if we truly consider this a long term investment we need management to get the money some where to open more stores and the lowest cost to the company as possible. it might not benefit us shareholders right away. and everyones belief about pennies by xmas could happen but until more stores and financials start to get reported i would think the stock will stay dormant and just move in a small range until then. to me that shows stabilization. granted the news of the merger and symbol change will more then likely shoot the pps up but who knows how long that will sustain until there is more expansion and proven growth and financials. but its all a step in the right direction for true long term players.
~all IMHO but i am liking what i am seeing so far and if the price is right i got 5K more to drop in it at the right price is that opp ever presents itself again :)
I would hope the majority of us knew that if we weren't going to reverse split, we would have to sell more shares. It makes sense. I'll take controlled dilution over a R/S anyday...
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