GREY:PORMF - Post by User
Comment by
basemetalon Mar 23, 2005 9:05pm
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Post# 8802688
RE: curious about the 2:1 consolidation
RE: curious about the 2:1 consolidationWhatever.... For every one of the shares I own I'm going to receive $1.30 plus one half a share of a new company. It's as if they were buying 50% of my shares at $2.60 per share allowing me to keep the remaining 50%, which will represent the same share of ownership of a company that is "smaller" just because it no longer has surplus cash. The enterprise will otherwise be the same.