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To: KyrosL who wrote (13681)	10/19/2004 2:46:51 PM
From: benwood	Respond to of 116555

The benefit to shareholders would have, in theory, come after a 20% drop in the value of the shares. While it might have performed better in the long run, the selling of new shares at a steep discount simply would have screwed those already in, and there simply was no reason to do that other than to create a huge incentive for new investors to acquire shares. Forcing those already with shares to subsidize new shareholders is simply wrong and disingenuous, and I'm glad they dropped the proposal. If it had been a fair proposal, it would stood up in court and therefore the lawsuit either would not have intimidated them, or more likely, would not have been filed.