so, your saying this company will be worth $15 billion? 15 billion outstanding shares and it will see a dollar a share? in QBID's 6 year history, they have never reported .01 in revenue.
The only problem with this that I see is the following. How much do they want to reduce the o/s to? 1 billion? 2 billion?
So then consider how long is the pps going to be down to take full advantage of buy back capabilities? Consider that they would only have to buyback 5 billion shares. Reasonable? If they can average just 100 million shares a day then it would only take them 50 days to perform a complete buyback. To remain even more inconspicuous they could take 100 days with 50 million volume a day.
How many of us are going to hold for 100 days longer? A lot of us longs are holding till 2006 and longer. So how many shares would they be able to weed out of us even if they were strategically dropping the pps by releasing the pr's noone necessarily is looking forward to?
It would be nice if they dropped the pps, bought back just about all the shares, and all of a sudden I owned 1% of a multi-billion dollar company but I don't know how plausible this is. I have suggested the private investor backed buyback. It would make sense for them to do in terms of multiplying their investment. I don't know if Frank can benefit from doing his own buyback unless it moves us to NYSE. Matt
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