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gunnabeoneday

10/27/04 4:03 PM

#18563 RE: frogdreaming #18562

Frog, I suppose anything is possible, but if Daddy Fru would win the case, I couldn't see him being awarded more than the possible loss incurred that's directly tied to the 40% discount that he could have received and profited on by immediately selling the shares on the open market at the .06 pps.

For example, if the pps was .06 and he was entitled to shares based on 40% discount = .036/sh.

And if we use the approx. total shares of 1,100,000 [$40,000 @ $.036], then the possible loss = 1,100,000 X .024 = $26,400.

Plus, dnap would probably want credit for any interest Daddy Fru has earned since they paid him, maybe $800-$1,000?

Plus maybe court costs....

Could the possible exposure be a max. of $40-50,000???


Concerning your control comments and the possible award based on today's pps, I still don't think 5-6 million shares tips the scale dramatically in his favor. And if that was his motive, he still could just purchase as many shares as he wished to on the open market and achieve his goal much quicker....Don't see your angle yet, but I'm trying to consider everything....
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DRCAL

10/27/04 9:39 PM

#18570 RE: frogdreaming #18562

Control is the more likely issue.