Nice slight of hand. If you double the number of shares, you half the
cash on hand per share. You're actually getting $4 for the market
price per share of $16. Real book value does not come close to the
current price. Book value of $11 would be halved as well, meaning that
you have about $5.50 in equity per share. Still not a bargain.

And I fail to see how a dual share structure, essentially allowing one
party voting rights and the other not, is looking out for the best
interest of shareholders. If they really were doing that, they would
give both parties equal voting rights by converting their class of
shares to common stock. This would also keep the family from "hiding"
the true nature of the ownership agreement.