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Re: skunksyard post# 61310

Friday, 01/29/2010 2:00:10 PM

Friday, January 29, 2010 2:00:10 PM

Post# of 103302
Fair question. We have done 4 small capital raises over the last few months. I am sure the people who call the TA every day noted the OS increases. Anyway, with three of those transactions I noticed no selling whatsoever and I believe that those investors either continue to hold or to the extent they sold any shares did so in a way that did not impact the market price based on my observation. In the 4th situation, which was approx 30 million shares, I think we are seeing selling pressure from those shares. This is a lesson learned and we would be very cautious about doing business with that firm again based on this experience. I don't like to see the stock price decline any more than you do. The good news is it is not a lot of shares. I have spoken to this investor and asked him to back off, but ultimately that is not within my control.

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