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RonnieD

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RonnieD

Re: stockprofit2023 post# 425

Monday, 08/10/2009 9:29:03 PM

Monday, August 10, 2009 9:29:03 PM

Post# of 1111
yahoo board called ir and says

Spoke again to IR firm - got clarification 7-Aug-09 03:49 pm Leverage has switched to ETLY. The warrant deal is going to be renegotiated. It did require shareholder approval, which obviously wouldn't happen now that things have changed. Management is on a whirlwind tour and very aware of shareholder views. And, they understand that the capital structure needs clarification before moving forward. Basically, no warrant deal, no reverse split...just need $6.5 million to repay the notes. Thank goodness for the grant!!!

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=tm&bn=28153&tid=2534&mid=2534&tof=24&frt=2

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