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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: kollmhn who wrote (6262)1/27/2002 2:57:56 PM
From: kollmhn   of 206179
 
If my prior example is what is going on then, the attempt to do that while, at the same time, allowing management to make their purchases, would present a real conflict of interest unless HC was selling the corporate shares at a price HIGHER than what management was hoping to buy public shares at.

It strikes me as almost mandatory that such a debt equity swap be accretive or, at the very least, not dilutive. In order for that to occur, the number of shares issued had to be no more than 9mm. That would call for using a price of at least $16.60 per share.

Too many cross curents may have caused this delay. Hopefully, it has been resolved.
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