Replies to post #35234 on QSGI, Inc.(fka QSGI)

[chadpounder]

Makes sense, thanks for the explaination. As if we don't have enough good news, just think of the great message it will send if he decides to take shares instead of his fees (115% of $350/hr x a crapload of hours)

[matoutus]

Kaufman has a portfolio of companies he has worked this deal with in the past ( all quite sucessfully). He has no choice but to say he hasn't elected to take the deal yet because he can't say I'm taking the deal even though you haven't approved it yet ( that just might insult the Judge)... and it would certainly not support his application for interim fees to say he has elected to take the deal.

[stockmaker05]

Here is a thought about Kaufman's situation...not arguing at all just would like to make convo with you about it...Kaufman's shares are included in the POR (aka future share structure) is it not? If one can say that its still up in the air whether he will choose the shares or the cash, then one could argue that the O/S will NOT be raised to the 247 million! Right or wrong? Thoughts?