Before The LBE Pumpers/Truth Deflectors Pounce...Magic8ballman:
The 3rd and 2nd last sentence of my post read:
"Ask yourself, how much would LBE have to make in gross profit in the"Preferred Shares" were converted by JJ and for each LBE share to increase by $1.00 in value. The answer is approximately $500,000,000(35% taxes according to SRK would leave approximately $350,000,000 of gross profit (not revenue, this is profit before taxes after all expenses including interest), for each LBE share to attain $1.00 of value."
The math is right, but the terminology is a bit mixed up with the editing, but it should read:
"Ask yourself, how much would LBE have to make in gross profit if the"Preferred Shares" were converted by JJ and for each LBE share to increase in value by $1.00. The answer is approximately $500,000,000 of gross profit (not revenue, this is profit before taxes after all expenses including interest) , less 35% for taxes according to SRK, would leave approximately $350,000,000 of net profit for each LBE share to attain $1.00 of value."
One should really take notice that $500 million of gross profit would most probably require in excess of $1 billion, ($1,000,000,000) in revenue for each LBE share to yield $1 in value with NI at current market prices. After all of that, JJ would have complete control as to how profits are managed, freezing out the minority LBE shareholder from any input, whatsoever, as they have been muted due to their minority position! Keep dreaming because it is only a dream!