Jerry (my senior), I have copied my post from Early January for you. I think management is wise for saving dry powder for potential acquisitions. In addition, at the shareholder's meeting in May, they will get authorization to increase the shares o/s to 1 billion and do another 2-1, and all of you Yahoo lovers will have an orgy.:) Sorry if my tone in my initial message was offensive to you. No malice.
<Happy Girl, here is the correct split analysis.
They currently have about 98 mm o/s and another 24 (ish) in options (which need to be represented by underlying shares), In other words, you can grant options for shares that have not been authorized. Even if you don't buy into the option thinking, the most they will do is a 3-1, which would take total o/s up to about 300 million. Including options, that number increases by 72 mm (24*3). So you are at 372. 450 is not enough to do 4-1. Float is irrelevant in this calc, unlike Sweetpete's thinking. However, management could do whatever they want (100-1 to be silly), pending shareholder approval, which would occur with the next proxy (May timeframe). GURU prediction, 2-1. No need to push the limit. Absurd share prices have not stopped anyone yet.
GUru.>
|
