Re: From the 10Q - subsequent events
posted on
Oct 25, 2006 10:29AM
With 500MM authorized common shares and 420MM common shares outstanding (fully diluted), the company only has 80MM shares to work with. At the current share price, that's only $62.5MM. Can't buy much with that, IMO.
They have another 5MM preferred shares authorized and available, but that doesn't add much to the pot.