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Re: VST7 post# 5448

Friday, 09/29/2006 11:54:01 PM

Friday, September 29, 2006 11:54:01 PM

Post# of 35924
Gang, well a few interesting give and takes tonight. I have a couple of comments.

First I see nothing wrong with someone posting the idea that a PR was said, by a reliable source, to be coming Monday. Hey we are all wondering what the status is of many things including proposed merger/acq., filings, etc. and rumours we hope might come true so we'll take what ever we can get, anyway management wants to keepps us in the light. I on the other hand understand there are lots of comments that ought not to show up on a board and then don't - forget the rules, its trust, etc. that plays the prodominant role often.
And Tom and gang are over due with updates - if for no other reason than to understand how to market to we investors and not have us get to a new level to build a base from, to get some momentum going, and then let we loyal longs watch everything drift away - causes many to rethink the value of long term investments IMO.

I also find the discussion of restricted versus float/non-restricted missing a few true "investor" points. If this is really an investment and we are not just in a card game or a momo/ first guy in wins - last guy in loses/ then the total shares OS are important because it determines EPS and as a company goes up the ladder of success that is one of the key ingredients, right? Now unfortunately the pennies appear to be more of a roulette wheel most of the time and little about fundamentals is real of much value to many.

MLXO appears to me to be kind of inbetween the pinkies, where they still are, and the solid, viable, earning producing company they are striving to be, and where they measure companies differently, IMHO, down the road.

Sorry a little philosophical I guess, and likely not an area that many, if any currently investment worry about, but dilution does matter IMO and even restricted shares count.

A side comment - the other day I did some DD on a O&G play that someone was looking at and when I looked at the Preferred structure, and also talked to the CEO, this company right now showed OS of @46M (not bad) and about 900K Preferred (all in hands of CEO..good so far...) Well the Preferred converts at a rate of 900,000 for 1...HOLY CHIT MAN...I had to revieve my abacus to eventuall arrive at the possible conversion to an additional 909+ BILLION shares - hey but it isn't in the float so must be good, right!! Yeah I do know he couldn't unload it all at once...

Okay, I'm ready for next week, bring it on!!

zagdad

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