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wise1man

11/24/10 10:14 AM

#21010 RE: _mmech #21007

They don't understand that there are real shares and air shares...This company that will take over WANTS the real SHARES ..but the SHORTEE with MM that has the AIR SHARES,how can I elaborate this??hmmmmmmmmmmmmmmm YUP, THEY ARE SCREWED AS HELL $$$$$$$...just my honest opinion..
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SoonerBrn

11/24/10 11:41 AM

#21028 RE: _mmech #21007

There is one little problem with you theory, shareholders. If the O/S is somewhere around 65M shares but shareholders have let's say 45M tied up and not for sale, then they could only purchase 20M shares. You can't buy what isn't for sale, simple theory.

People get that wrong all the time in a merger, they always think the company should just buy the float and O/S, but they can't. If I don't put in a sale for my shares they can't buy them unless it is outlined in the merger agreement for a fixed price and by a certain date, such as .12 by Dec 5th.