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Re: None

Monday, 12/04/2006 12:26:10 PM

Monday, December 04, 2006 12:26:10 PM

Post# of 17
Bad news...............

Just got off the phone with Chen.

The company will be out of business in about 2 weeks.

They will distribute the $ 20 Mil or so in the bank back
to the original shareholders.

The value of the distribution is about $ 5.46, so this
explains why Mr. Weiss was buying so much at the $ 5.30 to
$ 5.40 level. It is basically a risk-free short-term
interest bearing vehicle. He'll make about 2 % over the
6 week period ( 17 % yearly ).

The warrants cannot be exercised today at $ 5, and join
in the distribution at $ 5.46. They are worthless, with
no hope of having ANY value.

I bought a bunch this morning, but gave it back for a
small loss. Oh well. Should have done my DD first.

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