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Re: ccvle post# 13246

Saturday, 01/13/2007 2:39:14 PM

Saturday, January 13, 2007 2:39:14 PM

Post# of 49483
The problem is how do you know when the company is done diluting if it is. History clearly shows that it will take this as low as it wants to get the money the company wants. I know many are talking about averaging down but that is a real bad move at this price point. It seemed it was a good move around .002 as it seemed we had built a good base there. Look where the price is now. I bet everyone who averaged down at .002 wished they hadn't! What happened was many were buying what IBAC was diluting and the price stayed the same. Then it broke through the .002 level, many sold and the price has dropped daily. I do not believe the company is close to being done with raising the $1,000,000 per year threshold the 504 regdex allows. Hasn't had enough time this year.

The company can clear everything up by ungagging the TA. Put up or shut up time and I have no interest in buying any of the dumping the company seems to be doing. NONE!

Watch for delays in pending news. The first came out on the Country Club. Ed flat out told me he wanted that deal closed in 2006 and he didn't care if it took until 11:59pm on December 31 to get it done. This was a deal with a bank! Should be very easy to close. Has it closed.

Where are the AF's. Sure seems now that was part of the pump before the dump!

The details or lack of details of the spin off is a big red flag to me! Read the PR and look very close.

Reverse merger into OTCBB. Heard that many times in the companies past. IMHO we are being diluted into another R/S if the merger happens at all.

So to answer your question if TA ungagged and no dilution yes the price could get back to .003-.004 range fairly quick. If the dilution continues I would wait on buying any more to average down as the price is still going lower.
JMHO!
Binzur