This is a one shot deal at this.....

They could. But he wants control. He would end up with more than 30% of the shares and be obliged to offer for the rest.

If you set the price low to the level where this would be acceptable to Cullum, you get what is known as dilution. Under the directors' obligations to the shareholders, they are almost certainly restricted from doing that.

Therefore your 'idea' is sunk.

Posted By: Johnny Comecardiff, Jul 11, 12:51:37