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Re: None

Wednesday, 03/22/2006 9:26:59 PM

Wednesday, March 22, 2006 9:26:59 PM

Post# of 115222
The Truth good/bad re: recent PPS

As I watched L2 'closely' over the last two weeks and have also noticed the 'Distinct turnaround' today...
And through my further recent discovery through the TA...it appears that there were in fact a 'few' approx: 3.6 mil shares post acquisition (presumably from past symbol holders) that came into play on registration March 2nd.
I will update the board info box with the exact number of (off habd) approx: 113,369,000. Total O/S (91 Mil remains restricted included in that figure)
As of today, 3-24-06 verified again, all is the same.

As of a Monday, Mr. Parkin was unaware of these outstanding remaining shares...I will be following up with him again on this topic tomorrow.

That's the bad news...The Good news is that the volume and trading over the last two weeks is 'Clearl' evidence that these shares were the primary cause for our recent PPS decline...And in looking at today’s PPS reaction once the sellers had stopped...We are poised to now move back North IMO

It's further refreshing to know, that is was Not Most of US who were recently selling, hence the PPS activity today clearly also demonstrates this fact. And hopefully the MM's that were short used this opportunity to help cover those positions.

Considering the recent volume, the relatively small number of outstanding post-split shares registered, the facts as stated above and the PPS rebound today, It is of my Final Opinion our Recent Lows have concluded! ;)
And a part of me, also thinks that Mr. Parkin after learning this from me...probably also would have held off on any updates until he was satisfied that the ones causing the selling pressure of our recent past, would Not benefit further by the companies progress...Hmmm?...just a thought.



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