Re: A Company Take Over...OZ...Gil
in response to
by
posted on
Aug 29, 2009 09:42AM
You missed the point of the discussion.
Everything I stated is true to provide Raggie an answer.
You have to start with the original question/statement.
He thought that edig management plus the BOD owned about 50% of the stock, a simple comment.
I answered the question by stating that the combined total of outstanding shares by those two groups was approx 20%, therefore 80% of the total was held by non edig employees and BODs.
With that number the control of the election of BOD or or a tender was not in control of the company.
I know how many each own from the 10K, but for the purpose of discussion, I wanted to let Raggie know that the 50% comment was incorrect.
Sorry if I confused you with my answer