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Re: cruzanstcroix post# 6643

Tuesday, 06/07/2011 12:01:23 PM

Tuesday, June 07, 2011 12:01:23 PM

Post# of 43118
this is a great move, but as far as the stock goes
they are still going to have to allow the convertibles
to play out, because they don't have cash otherwise,
and are contractually obligated to do so.
expect a A/S raise to over current 1.5 Billion
and full accomodation of current toxic load,
then a reinstatement of the R/S plan. New CEO
is a NYSE-listed player, he will not waste time
with a .03 cent stock for long.. and that's a good thing
longer term, post-R/S.
It would likely be wise to wait for these things
to play out, rather than investing and riding through them.

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