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Re: fatbacker post# 12729

Monday, 11/06/2006 8:04:49 PM

Monday, November 06, 2006 8:04:49 PM

Post# of 141704
Is there dillution going on? Yes there is. How do we know this? The company has flat out told us they are dilluting. They have issued at least 30 million restricted shares in the last month and a half and possibly as much as 53 million. Is it an attempt at scamming shareholders? I don't think so. I did not see the type of sell pressure we are seeing the last couple weeks when we were trading above .015. If in fact their intent all along was to dilute, they would have done it when we were above .015.

I think it is obvious that the sell pressure is coming from the recently issued restricted shares. I believe that is why we ordered the NOBO. I sure hope Abe learns from this. People can always find ways to unload "restricted" shares. This dumping is more than investors panic selling. This is systematic selling by professional market makers.

If the TA shows a decrease in OS tomorrow of 100 million, do you think we will make it back above .008? Any thoughts? I honestly don't know. Either answer I would not be surprised with.