Re: Pacer-Fee Application by EDIG
in response to
by
posted on
Sep 11, 2009 05:36PM
As I said a few months ago...
IF there is any money coming back or to EDIG from this case (and this case only) I would hope that EDIG would use the proceeds (most, if not all) to buy back stock (the same stock that was used to pay to defend this case).
Reduce the shares outstanding that were issued and sold to the investors to defend the suit.... this money is already on the books as spent in legal costs. The best way to show a return on it now is to reduce the float and retire the shares.
Again, this is in THIS CASE ONLY.