EHDT JUST received this from Tom Gavin
The stock market is bigger than all of us. Corrections occur when shorting stops because there is no effective stock available to borrow against. The company has other financing efforts in place to raise capital and has not, nor would it, take actions such as you suggest. To repeat, there are 31 million shares in the float. One million represents the shares that resulted from the reverse split. The other 30 million represent freely trading shares in certificate form that have not been sold into the market, but because they have been issued as freely trading they must be included in the float. Not one of those shares has been sold. Friday's volume dropped some 70% from the prior day when 3 million shares in an advisor's account were removed from that account. It will be interesting to see the impact of that action in the week ahead. An increase in buying will set the stage for a higher valuation where naked shorts must cover and there's no stock available to do so.
----- Original Message -----
From: **********@aol.com
To: tom@irnonline.com
Sent: Saturday, January 06, 2007 1:23 PM
Subject: Re: how about
Sorry for the name calling,it was childish.
However I do think the statement you made about the company choosing to issue a news release on their own schedule shows the company maybe the one shorting their own stock for personal gain at the expense of shareholders or at the very least ,it shows a disrespect to shareholders considering the company is well aware of the problem and the cause,yet chooses negligently to sit on their hands and watch shareholder value erode.
*************@aol.com
