Can WHY's Frank Marasco turn $10 into $326 million?
I had to do some digging to find out how much Frank paid for these shares. Going all the way back to the June 2006 WHY prospectus, I learned that the 20 million shares held by West High Yield Holdings Ltd. were acquired for less than the cost of a pizza. Ten dollars! If the deal is real, which of course I do not believe given the evidence to the contrary, then those 20 million shares alone could be worth C$326 million.