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To: tyc:> who wrote (48286)8/29/2007 7:45:08 AM
From: tyc:>  Respond to of 78430
 
Postscript re Wolverine and YZC.

In my last posting, I mentioned that the current market cap was about $75M, so raising the required equity @ today's prices would increase it to < $250M.

Contrast this with what the position would be if the stock were trading at $1. Current market cap would be four times as high, therefore at $300M, and new equity would increase this to ~$450M.

Which scenario causes the most dilution ?



To: tyc:> who wrote (48286)8/29/2007 9:45:37 AM
From: jackjc  Read Replies (1) | Respond to of 78430
 
You may be right. What would be the earnings/final sh at the
various assumed Cu prices ??

Will tell you how much will benefit the holders.