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  • casp321 casp321 Dec 9, 2009 9:31 AM Flag

    Google STEALING from ON2's shareholders and Ex-CTO

    Google at the Mercy of Merger Arbitrageurs in On2 Technologies Acquisition 3 comments
    by: Thomas Kirchner December 09, 2009


    That’s not $0.60 in cash but $0.60 worth of stock independent of Google’s stock price. The problem is that $0.60 worth of Google stock are a lot fewer shares today than back in August when the merger was announced. Google has since risen from the $450s to the $580s, or 29%. The merger consideration has remained a constant $0.60. Had management negotiated a fixed exchange rate of, say 0.0013 shares of GOOG for each ONT, then shareholders would receive $0.77 worth of Google stock for their shares now.

    The flipside of a constant merger consideration is that it has become much less dilutive for Google. Instead of issuing roughly 235,000 shares based on Google’s August share price, Google will now have to issue only 182,000 shares (assuming the VWAP for GOOG will be around $580).

    http://seekingalpha.com/article/177280-google-at-the-mercy-of-merger-arbitrageurs-in-on2-technologies-acquisition?source=yahoo



    ON2 BOD and Google are STEALING from Ameres and ON2 shareholders and giving just a little to Bankoski to Take over ON2 with ALL of its IP and Patents that Ameres is a BIG part of it.


    Ameres was ON2 CTO and left the company in June 2007. He also purchased 200K ON2 shares at $2.00 in 2007.

    STEALing from ON2's shareholders and stealing from Ameres.


    1) 200K time $2.00 = $400K, Ameres invested in ON2 in 2007

    2) 200K shares times $0.60 capped ON2 PPS = $120,000.00
    2.1) $400K - $120K = $280K, Ameres is losing in the merger

    3) Assuming Google PPS at $585:
    $120,000.00 / $585 = about 205 Google's shares

    4) $2.00 / $0.60 = 3.33333 <===== This many times Ameres ON2 PPS is depreciated

    5) 3.3333 times $585 = $1,950 <==== This is break point PPS for Ameres to be on his original invested money in ON2 in the first place.

    6) 205 times $1,950 = about $400K

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • It is MOVING up:

      y moving Google's PPS UP, around $600 now, Ameres will be asble to COVER his loss in INVESTMENT in ON2. Just $1,350 MORE left to get at $1,950: ($1,950 - $600 = 1,350). It is "happening", I guess, we just NEED time. That is it. One year, two years, three year, .... It seems it wouldn't take "long", it is just a "Short" time.

    • Why Google paid bashers are marking ON2 related messages with one star? Who is PAYING those ON2's BASHERS? Is it Google or its Friends/Families??? Who?

      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_O/threadview?m=tm&bn=13394&tid=697634&mid=698622&tof=3&rt=1&frt=1&off=1

    • ON2 GAVE bonuses to its BOD in Jan 2009 instead of March or April: ONt shares at $0.31, that is (capped $0.60- $0.31 = $0.29 GAINS for BODs)
      for each share they got

      ----ON2 BOD and Google are STEALING from Ameres and ON2 shareholders and giving just a little to Bankoski to Take over ON2 with ALL of its IP and Patents that Ameres is a BIG part of it.



      STEALing from ON2's shareholders and stealing from Ameres.


      1) 200K time $2.00 = $400K, Ameres invested in ON2 in 2007

      2) 200K shares times $0.60 capped ON2 PPS = $120,000.00
      2.1) $400K - $120K = $280K, Ameres is losing in the merger

      3) Assuming Google PPS at $585:
      $120,000.00 / $585 = about 205 Google's shares

      4) $2.00 / $0.60 = 3.33333 <===== This many times Ameres ON2 PPS is depreciated

      5) 3.3333 times $585 = $1,950 <==== This is break point PPS for Ameres to be on his original invested money in ON2 in the first place.

      6) 205 times $1,950 = about $400K

    • Google will have to pay the ONT shareholders what it is worth. It is worth significantly greater than $0.60 cents per share.

      This deal stinks in many, many ways. I'm pissed.

    • Why DID ON2 ASK Ameres to help them to file another Patent even when he had LEFT already? Did they think Google will do the same to ON2 that they did with Orkut as they call it today: Steal the SW/codes with one or a few engineers? Was it the reasom they called Ameres to file another Patent in April 2008. Ameres had left the company in June 2007:

      Ameres was ON2's CTO and left the Company in June 2007. This Patent was FILED by ON2 on April 14, 2008 with having Ameres as ONE of inventors:


      United States Patent 7,606,310
      Ameres , et al. October 20, 2009


      Inventors: Ameres; Eric L (Cohoes, NY), <========


      Bankoski; James (Wynantskill, NY), Grange; Adrian W (Cambridgeshire, GB), Murphy; Tim (New York, NY), Wilkins;

      Paul G (Cambridge, GB), Xu; Yaowu (Clifton Park, NY)
      Assignee: On2 Technologies, Inc. (Clifton Park, NY)

      Appl. No.: 12/102,694
      Filed: April 14, 2008 <============

      http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_G/threadview?bn=25263&tid=1291360&mid=1291362

 
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