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June 28, 2006
Nice Work If You Can Get It
Ah, it's good to be the king, er, I mean governor.
The New York-based company that counts Gov. Mike Huckabee among its directors began merging Tuesday with a separate shell company, a cheap and fast way to go public.
No guarantees of course, but a nice venture if it pays off.
Nazem said that despite the losses, the company will prove a success. That would be good news for Huckabee, who as director has the option to buy up to 25, 000 shares at 90 cents a share.
With the current share price far below 90 cents, Huckabee hasn’t exercised any of those options, Nazem said. But if the company’s stock is a hit with investors, and the share prices rises, it could be a windfall for the governor.
Wouldn't that be right handy if say one was planning a run for the presidency? But that had nothing to do with including our Rev. Gov. in the deal.
Nazem asked Huckabee to join the company after reading the governor’s book, Quit Digging Your Grave with a Knife and Fork, and hearing some of his lectures on health.
You know, I've lost quite a bit of weight after getting off prednisone. Yet I haven't been offered any great stock buy-ins lately. Hmmm. What's up with that?
I haven't stopped smoking, that must be why.
Posted by Rita at June 28, 2006 07:57 AM