GREY:CSOSF - Post by User
Post by
shinny1on Sep 11, 2010 2:00am
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Post# 17436789
Insders
Insders20.1M shares outstanding
1.1 M options o/s (626K exercisable @ $2.21, balance @ average of $.65) Unlikely to be exercised in the near term.
Total 21.2M
Barker 2.5M shares
Other insider .4M shares
Donald Schnitzler 1.2 M shares (Who is Donald Schnitzler?)
CEO's salary is $170K per year (that's embarassing!!!!) and has been the same for three years. Throw in a few options and it's hardly worth getting up in the morning.
Auditor fees are $270K. Would be 10% of that for a private company. Other costs of being public: must be a few hundred thousand with BOD, shareholder costs and listing on the exchange.
Other than "insiders", and assuming Schnitzler is one, that leaves 16M o/s shares to buy. No institutional ownership that I can find. 16M at say $.75 per share costs $12M.
Book value is supposedly $18M. Of that only $6m is fixed assets which represensents a couple of condos in Ft. Mac.
Just putting it out there