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Replies to #1378 on ON2 fka ONT

daddeo

12/15/09 1:03 PM

#1379 RE: gemini60 #1378

Figures don't lie but liars can figure !!! What a load of hype on what a good deal this is for ON2 stockholders. We get $.60 a share in Google stock that was $450 when the deal was struck, thats .00133 shares of Google for each ON2 share. Now that Google is at $600 a share that ON2 share is only worth .00100 shares of Google. ON2 is still worth $.60 a share but ON2 shareholders do not participate in the $150 increase in Google stock price since the deal was struck at $450. $450 is still the price that the conversion should be figured at since that is the price that was looked at during the negotiations,not $600. Also our ON2 stock price hasn't been able to increase since the agreement because it was locked in at $.60 a share,even though our earnings have increased. We ON2 stockholders have essentially lost(failed to gain) a 33% increase (.00133 Google shares at signing minus .00100 Google shares at the approx.current Google price of $600 )in our stock price since the agreement was signed. A horrible deal made by ON2 management, it makes you wonder why Google would want to keep this inept ON2 management on after Google finishs their "steal" of this company. I certainly wouldn't hire them after this exibit of their lousy management !!!