Posted by: StocksKC Date: Thursday, June 05, 2008 2:47:19 PM In reply to: starfire who wrote msg# 75124 Post # of 77757
'go private' strategy!!"-- They spending incredible time for this strategy because it could save them millions $$$. Last year many people bought this at higher prices at 0.006-0.01 range and among this some people instead of averaging down many sold at loss say at 0.002-0.004 range. In this way they going to pay the same money they made here to the shareholders at the time of TO!!
Instead paying $700k for 10m shares(if TO is $0.07) they getting rid of the shareholders at this price range by paying them $30K!!
KC have you figured out exactly how much was saved by SIBs go private strategy?
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