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youroldfriendj

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youroldfriendj

Re: xZx post# 175

Tuesday, 11/14/2006 2:37:45 AM

Tuesday, November 14, 2006 2:37:45 AM

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Two things I don't like their filing:

1) Ultradata issued to the shareholders of China Organic (a) 27,486,175 shares of common stock and (b) Series D Preferred Stock, which is convertible into 469,760,000 shares of common stock.

With 469M shares that can are convertible, this can be diluted to hell...I originally thought they only have 17M shares

2) Their revenue is a lot less than what(which was around $5M) they stated in their website....pretty fishy to me

DO NOT buy or sell a stock based on anything I say.
You should be responsible for your own buying or selling decisions.

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