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Re: Californicator post# 10082

Friday, 12/15/2006 11:15:46 AM

Friday, December 15, 2006 11:15:46 AM

Post# of 25904
Hello all. Before anyone thinks I'm a basher for raising a cautious question, let me set out that I'm a shareholder like you, only holding an admittedly small 2 million shares, but optimistic for the long run.

What worries me in all this talk of where is the price is going in the SHORT run after the JV is announced is the old maxim - buy the rumour, sell the news. I've been investing for the last 20 years and too many times I've seen the share price of a stock in fact drop after a long awaited announcement. Don't you think it possible, in fact, probable, that with all the nice transparency of this company that the market has already priced in the JV and the subsequent contracts into the $.0012 price?

I would be delighted to be wrong, but I raise the issue.

Mitch