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Jcrou73

10/04/12 9:22 PM

#99631 RE: TRAPPER JIM #99622

Why would they issue add'l o/s share for themselves in the event of a buyout?

My point... Assume 1,000,000 o/s and they own 501,000. Now they sell for 1,000,000$. That's 1$/share.

Now assume they double their o/s to 2,000,000 o/s and own 1,000,002 shares... They still sell for 1,000,000$ but now each share is worth 50cents...

No point in doing this. O/S does not dictate a higher selling price, it only dictates the price per share...

Something bigger is going on here...
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BBalls-N-CowTown

10/04/12 10:03 PM

#99642 RE: TRAPPER JIM #99622

I see it as a sign of raiding my equity, period. We shareholders have never had any say in any of the financing deals these guys have done at our expense. I wouldn't be surprised if they haven't be lining their pockets with rental equipment deals etc., the deeper in the hole this thing goes, the more of other shareholders equity they can take. It's like being your own bankrupcy judge without having to pay a lot of lawyers.