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Re: jfburk post# 54966

Thursday, 11/30/2006 10:54:37 PM

Thursday, November 30, 2006 10:54:37 PM

Post# of 157299
Those were different sales my friend, I know it's confusing since the company has gone from 71.8 million shares outstanding immediately after the split, to 108.1 million shares as of their last SEC filing for 6/30.

Huff and tabaoada and coleman and crew didn't actually sell any shares or file to sell any shares during the class period, but the companies that they owned or partially owned allegedly did. Those sales would not be subject to SEC disclosure.

If you care, which you don't, I went into a more detailed explain of it in a post just before.

What I don't know is how the lawyers figured out these insider owned firms had planned to sell or sold anything, I can only assume by talking to the TA or the DTC. But since none of those points was preceeded by "allegedly" in the complaint filed with the court, I'm assuming they didn't just make that information up out of thin air.

That it was insider trading is probably a reach, they've been dumping onto the market for years now, the russian deal had nothing to do with that. The board all issued tons of convertible debt, discount warrants, etc. to their other companies in 2002 and 2003 and have been converting that debt into dirt cheap shares from the moment they came off restriction.

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