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Colorado1

05/11/09 5:17 PM

#22679 RE: RDG013 #22675

Share number is inconsequential when pps is low

If you really think about it whether you are an undervalued company at 100M shares or at 3.3B shares it is the same math.

It is just a game of percentages on the insider voting block to get to the supermajority plus does it make financial sense at a certain pps?

The only way this type of leveraged buyout is typically torpedoed is the share price skyrockets out of sight before the buyout and makes it financially non-viable.

Basically the buyout costs more then the buyers can make on it thus producing a loss. So no deal....