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Technology Stocks : ACII - AmeriChip International, Inc
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To: rushlong who wrote (1154)2/10/2008 1:15:45 PM
From: BarclayDonaldson  Read Replies (1) of 2396
 
rush: Would be nice, if that's the case.

If you remember early last year, two of these three guys awarded themselves with over 100M (pre-split) shares and gave the reasoning it was to prevent a takeover. Now they give themselves the equivalent of 255M common shares as it pertains to voting rights, using the same reasoning. It would be nice if the common stock they took was put back into treasury since it's not needed anymore, they have Preferred shares to protect themselves from takeover It would also be a good show of faith by management to the long-time shareholders that have suffered the massive dilution the past few years to REDUCE the common O/S. It would most certainly help EPS.
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