Thanks jmt, but we also need to realize that those shares issued for aquisitions, were restricted shares and 99% of all shares that are restricted on aquisitions are either 3 or 5 year restrictions, in which thoses shares can not be traded, so for the short term, they should'nt be counted as shares that are outstanding since they can not be traded, and that should help the short term(under 5 years)total share count. Now with the shares of Intile, RENN had purchased three million shares which accounted for 20% of Intile total share amount. Now after the 3 to 1 reverse split it dropped RENN's holdings to one million shares, which if my math is correct that would leave 4 million total shares issued on this co., including the aamount Intile held themselves, so that would not leave many shares in private hands, if any at all. That is going to up the values of of EDII substantally and you're right all profits will go straight into EDII's value.
Now I have a question for any computer wiz out there, I am on AOL, and this mornig when I opened my favorite places folder, it was wiped clean, all the stocks I was going to invest in, all my research places, everything that was in there was gone. Now in the 4 years I have been with AOL this has never happened, does anyone know if it,s possible for someone to have hacked into my folder and erased it, trustme I'm not a conspiracy nut, but this does seem strange after that e-mail I got. If anyone has any ideas please let me know?
thanks Ken |
