RE:Contingent Rightsseriousinvest wrote: Btw just to complete my last post. If all the rights are exercised the number of additional shares that would be issued is around 16M. The company has over 210M shares outstanding so the new shares would increase the shares outstanding by around 7%. What sane executive would intentionally defer the receipt of$1Billiom to avoid issuing 16 M shares. BTW the right trade for around $.60 so th comvpany could tender of all of them for something approximating $200M.Wouldn't that be a more intelligent approach then intentionally deferring $1,000,000,000 of pre- tax profits.
So ..... our contingency rights expire before they reach an agreement ........ where does that money go?