RE:RE:RE:Checkprospero10 wrote: Very likely after the next rollback. Count on it!
Yes, MBO has been a real winner alright -- why wouldn't somebody want to chase good money after bad based on their past performance? :-))
After their many rollbacks I ended up with 225 shares currently priced most of the time around 11 cents. i.e. almost $25. On top of that as a bonus they gave me 225 shares of something called Plank a couple or 3 years ago. To this date they have never managed to make it into a business and as a result it has never traded - so 225 shares with no asset value. Just to inspire confidence that they know what they are doing for the benefit of the shareholders they decided to consolidate (roll back) the Plank shares on the basis of 1 new for 6.25 old. I see on my new statement I now have 36 shares of Plank - that thriving corporation.
With these great moves by management I just can't believe people would not be willing to buy a bunch more. Count me out. At least the MBO gives a tax write off -- for those not in a registered account. Can't say the same for Plank - it's been a zero from the start.