IMO the two parties looked to a year down the road when the shares will be available to sell. 10 cents a share makes it a 13.5 million $ deal. A quarter pps after a year ultimately makes it closer to a 35 million $ deal.
GREAT NEWS!!! I'm extremely happy with the deal! Go ICPA!
The value is what people believe its value is going forward.
If he took 135 million shares for punch TV that tells me he knows this stock is way undervalued.
Maybe he is buying more shares. Nobody knows. The guy invested 10 million in a TV network. He obviously isn't looking for a quick buck.
Can't say these shares will hit the float because what we have seen from our CEO and COO is that they ACCUMULATE shares, not sell them.
What better way to protect your shares than to have the three operators of the company, and subsequently the largest shareholders all have COMMON STOCK! The same shares you and I own.
Thats how I know this company is going places. If Steve didn't care about you and I he would have made prefered shares and dilluted common. Somehow when you have the three leaders all with common shares I dont think you will see any games being played in the common class here.
I would say it means that Collins believes it is a good fit for both companies and that he believes in the future those 135 million shares are going to be worth alot more than 2 cent each
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