To: RSkarsten who wrote (382 ) 10/20/1999 1:39:00 AM From: Michael E. Baldino Read Replies (2) | Respond to of 641
Russ, your points are valid. But if the so called leaked information was an issue he wanted to go away, it would not take much...time or effort which is my point. also I might ad, If vannessa and roy were the Investor relations dept. It would enhance their job to have someone such as myself willing to work for free to help promote the company. You are right..he may be very busy with more pending matters. depsite my extensive background in broadcasting, I am at a loss for speculating on numbers here. I also make the above statement because apparently he has had time to speak to investors on the phone. someone said to me for a public company, they are not too public. which leads me to think and only think that if he plans on becoming a private company, then he would have to purchase on the open market a large percentage of the public float if I am not mistaken. someone gave me the figure of 95%. (correct me if am wrong anyone) now with 4.6 million in the float at a dollar a share, this would be 4.6 million dollars ....so by laying low and out of site, with a share price of .20 lets say, he can buy back the float for somewhere around 920,000.00 ish nice huh? again this is only a suspicion that I have and of course I may be way off. <---reread that please!!! of course by no PR's or other attention the lower share price is more realistic...this is the only reason I can come up with for a CEO to want to lay this low. Also he may want to gobble up the shares so that when things really start to cook , he can give them out as part of aquisition deals without causing anykind of dilution to the float.....well folks probably my wild imagination!!!!