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Eastern Company EML

The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.


NDAQ:EML - Post by User

Post by whiskeyjackon Feb 26, 2008 12:48am
356 Views
Post# 14544265

Well ghislander, those are options

Well ghislander, those are optionsat 25% higher than our share price. It still ends up as dilution yes, but a much higher incentive for management to succeed unlike the vulture warrants at .22.

Option holders want to cash in at least 20 times higher than the warrants and I'm all for that! Cheers WJ
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