I am sure that there are many ways to accomplish this--it would be interesting to hear from others who have been involved in stocks who have actually experienced such a transaction. I find it interesting that this co. increased the # of shares--how did that benefit them? If you read the bios of the BOD, you will find some who are involved in the investment industry. This might be a good way for TPL to go public if they wished to do the same. Anyway, perhaps JT and NT can find us a similar nas.co. that is in trouble. GL, ads