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Re: BREACHER post# 83505

Friday, 08/11/2006 3:21:21 PM

Friday, August 11, 2006 3:21:21 PM

Post# of 326400
what other arrangements? didnt management themselves state that they are trying to work out a new arrangement now to substitute shares for the cash? If they are presently trying to arrange this deal, then obviously they didnt think about it back in January when the signed the acquisition contracts. The problem is management didnt think the price would drop this low, and wasnt worried about the 25 million, but when time came to register the shares the issue popped its ugly head, and now management is trying to renegotiate the contracts it signed.

So to answer your question, its obvious they didnt think about it, or they wouldnt be in the position they are in now. I will bet we will see a new SEDA agreement with .05 shares for Cornell to raise the emergency capitol needed.