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Gold/Mining/Energy : TXHG - TX Holdings, Inc.
TXHG 0.280+4.2%Jan 8 4:00 PM EST

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To: SG who wrote (34)11/15/2008 6:19:52 PM
From: Minty  Read Replies (1) of 37
 
250m/43m

When the previous CEO was booted out late last year he left the company in shambles. The current CEO immediately increased the authorized to 250m in case he needed it to keep the company going. If you research you will find he mainly used his own money to keep the share count low; 43m now, under 40m after the deal.

The pending transaction must be one heck of a deal if the greedy ex CEO is willing to forgive all debt and return 4.5 m shares.
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