Southern Pacific Resource Corp STPJF

While we are Speculating

[whatabuck]

Someone was concerned about what the common shareholders could get.The deb holders and the lien holders have close to 350 mil invested. As of today, 200 million shares @ .23 or a total of 46 million gets 50% of the vote. Small enough layout to protect and control the companies assets. Numbers are a little skewed but do you see my point? Since the strat review process started, almost 6 months ago, these guys could have been building the foundation. I guess we wait and see.

[Junit290]

I'm not too sure I'm following what your suggesting. Maybe you could be a little more specific?

[whatabuck]

Let's say 7 + investment houses hold the majority of liens and Debs, each buys 7.5 mil common shares. They control the common share vote. Let's say they pay .23 share, they have bought insurance that a takeover or sale will happen. Each would have less than 10%, no need to declare. Total cost to insure is less than 15% of deb/lien total. This stuff happens all

[whatabuck]

Math is wrong, would be 7 houses holding 30 mil shares each.