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Re: ErnieBilco post# 25110

Wednesday, 11/24/2010 8:46:22 PM

Wednesday, November 24, 2010 8:46:22 PM

Post# of 92948
Ernie,

First of all, the only selling has come from Lanza, no other insiders have sold.

The selling by Lanza has had no bearing whatsoever on the pps. The pre-arranged selling over a 6 month period was approx. 3.6MM shares.
600K per month in no way had a negative on the pps.

The 1.4MM he sold Monday & Tuesday took place with combined volume of 105MM shares. Once again, extremely minimal effect on pps, if any.

I honestly could not think of a better scenario to sell 5MM shares and have no bearing on pps than the way Lanza has done it. So far, it has been a non event. That could change, we will have to see.

When you compare what is going out the door in shares to debtholders and at what price it makes Lanza's 5MM share sell look like peanuts. The dilution is the culprit, it needs to stop or be cut back drastically. It should be apparent to all what an almost 1.1B OS# has on upward pps movement...
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