Re: Did RG /crossflo deal...
in response to
by
posted on
Aug 26, 2008 12:00PM
One more thought, for the P&L..bottomline etc.etc. it makes more sense to issue new shares than to take that loss on repurchased shares...no matter what we paid for them or the the loss we'd incur on them Crossflo is only going to to get $10MM for the business...the 30MM new shares would be about an 8% hit in outstanding shares, but there is also a one year restriction on trading them too which will help on the availabilty of shares(float).
We might not like the additional shares being issued but profit- loss -wise that would be what I would do...JMO..but it owuldn't surprise me if that's what they did.