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Post by stevpot99 on Dec 8, 2004 14:36:53 GMT -5
did any one know why the companies A/S has gone from 20 billion tp 100.2 billion possible a 5 to 1 split coming up looking to raise money or ?
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Post by stevpot99 on Dec 8, 2004 14:37:13 GMT -5
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Post by Warren on Dec 8, 2004 14:54:37 GMT -5
They need these shares to buy up the different entities that they intend to buy. All the shares that they use will be restricted. So far they have done extremely well. I beleive the current O/S is between 20 and 25 billion. We have great assets for the amount of shares spent. Remembe the original O/S was about 10 billion so for 15 to 30 billion we got 2 tv stations and a production company. They also have other things in the works. Not bad in my opinion.
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