Friday, November 10, 2006 5:58:29 PM
They have ordered NOBO and they expect the results in the week of november 20.
+ They are buying back shares, not diluting. I don't see any evidence of dilution, only lack of buyers. I expect that when we approach november 20, we will see some more interest here...
So patience is the message here!
According to the company records there are approximately 590 million outstanding shares, on an authorized float of 950 million shares. The outstanding share structure represents both free trading and restricted shares. With an institutional financier already in place, the company projects that it may be in a position to re acquire as much as 220 million outstanding shares (at current price levels) with this institutional financiers backing, and support over the next 6 to 12 months.
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