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Microcap & Penny Stocks : PLNI - Game Over
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To: rrm_bcnu who wrote (5868)8/10/2006 12:23:16 PM
From: Captain James T. Kirk  Read Replies (1) of 12518
 
Buy back details:
Posted by: gameaddict
In reply to: None Date:8/10/2006 12:18:01 PM
Post #of 14627

From CT interview the buy back will work with an exchange of shares... they will offer shareholders a 2 for 1 (ex shareholder turns in $1000 dollars worth of share the company will then issues that shareholder $2000 dollars worth of preferred shares convertible in one year, What this does is buys the company 12 months of reducing the issued and outstanding shares and reducing the float. Also should the stock price move higher during that 12 month period at the time of conversion the shareholder will be getting less shares back and that will have effectively reduced the issued and outstanding shares for the company and yet the shareholder will get a dividend or a bonus of 2 for 1 on their money)... more info to be released in 30 to 40 days.... again this information was retrieved from streetiq.com on a interview with Bill Howe the words in the example I gave were almost verbatim.
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