Friday, December 22, 2006 7:39:24 AM
1. I am working on getting T/A ungagged today or Tuesday. I have no secret phone number or any way other than normal business channels.
2. I do not think they are spending anywhere near that much. I did not get into any specifics on R/M or spin off that would give me any insider information. I will have more to report on the spin off a little later. Again I do not believe they are spending anywhere near what is outlined in the link you provided. I will see if Ed can cancel the 506 and reduce the A/S back down. I would ask that in the future if they need to raise capital that they tell us they are going to issue a 506 to raise capital for investments in the near future and announce that because of the 506 they are raising the A/S. Be up front with us. I believe he will consider this and may implement this as well!
3. The 506 is for restricted shares to infuse money to the company from investors. This would be for future acquisitions. It is not needed for operations today. It is a better approach for us shareholders than to have a 504 and just start dumping shares on the market.
It is my belief that we shareholders need to draw a line in the sand at this level. To do that it takes no selling and takes buying. As I stated in my post I bought 1.5 M shares late in the afternoon yesterday, before I had ever talked to anyone in this company. WE NEED TO DO THIS AS A GROUP! I will be buying more at this level and if we as a group can establish this as the low and get this moving back up it benefits every one of us. If we aren't committed to doing this then I personally have to hold dollars back in case the price declines further and I need to average down. If we as a group in lighter trading days during the holidays buy aggressively the move up and potential squeeze can be very dramatic and quick! I say LET'S DO IT. The trading today and Tuesday will tell me what all of you think!
Happy Holidays!
Binzur
I'm dreaming of a GREEN Christmas, just like the ones I know you want! Where the stock goes higher and our stock balance rises and that is as far as I got in the song! LOL!
You all know the song! You all know the words! Make it happen!
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