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YRC Worldwide Inc. Message Board

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  • picker.bottom picker.bottom Mar 11, 2010 2:40 PM Flag

    Simple Question For The Board...

    1.6 billion shares is not accurate (Some options for the unions have to be voted on & is not a done deal) After everything is set and done it might be in the range of 1.1-1.2 billion.

    R/S is to lure big investors and they can't do it until stock is over $5. Where the stock is in april will decide the R/S ratio. Whatever is required to take it well over $5.

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    • The 2/23 PR shows 1,054 mm on a fully converted basis, the new $70 mm convertible bond represents another 163 mm shares. Last, is the Unions 20% which is 264 mm, just announced, for a total of 1,480 mm. This figure does not include the 5% management options which are expected soon, which should take this to 1.6 bn shares.

      Both the option embedded in the CVT and the ones the Union received are now in the money - they must be accounted for on a fully diluted basis, I believe

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