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easton

07/27/11 6:20 PM

#48210 RE: BeachBum #48209

I'm not talking about dividends, you can cancel all of those for all I care and reduce the share structure on graffiti. I too am talking about the real money shares.

Just like on an IPO timeline, the first rounds of placement are at a lower price. Consider this the second or third round so the conversion ratio should be a lot higher.

or

Maybe do something like 400:1 since the share price is 1/2 of what it was, and then give shares in graffiti europe to graffiti converters based on just converted shares, not dividend shares.