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06/26/08 4:38 PM

#25870 RE: tax_man #25869

Please help explain for those of us who may not fully understand. We tell our broker to offer X shares at .05, then wait for the auction. If more than enough people offer shares they prorate those shares so I may get .05 for X - Y. If less than enough shares are tendered at .05 I will get .05 for the shares I tender. Then, my remaining shares will get .10 plus a share of Trustcash???!!! -- that is, if I'm brave enough to wait this out - years??? This helps Trustcash finance the deal at a lower amount than .10/share. Whatever happens after the auction is back to "GO" but doesn't get anything but yet another shaft!!!??? Help me! Do I have it right??? I'm thinking to offer X shares to make me whole and hold the rest forever..... ?????