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Re: donkschmonk post# 16815

Tuesday, 01/27/2015 10:24:51 PM

Tuesday, January 27, 2015 10:24:51 PM

Post# of 48153
An equity financing at 8 cents??? To raise $20 Million? I am not saying they sold all their ANY. I looked at the holdings and most of it is garbage. We do not know what other obligations they had to fund other investments. All I said was that our stock traded like there was a real seller and the Pinetree fiasco made the most sense.
COMMON SENSE! They have over $100 Million in holdings and they needed to raise $20 Million?

Do yourself a favor and look at the other garbage they own and price it. It is not a bad thing that they had to sell ANY if they did. We got to buy cheap shares.
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