Thursday, January 25, 2007 9:19:30 AM
americano,
I believe we picked up a flipper who was counting on a big January move and a quick buck. They are now unloading the shares they picked up at a slight loss. The new short interest figures suggest the selling pressure we watched 2 weeks ago was covered almost immediately and used to buy long shares which we are now seeing being unloaded at what the market will bear.
Anybody want to take a wack at the revised schedule. I wouldn't use the Aug 28, 2006 W2 Energy Inc. to Acquire $10M in Project Finance but rather the Form 10 "Plan of Operation". If everyone has been using the Aug 28th PR to make their estimates you'll find the form 10 revised Plan of Operation is much more conservative and the budget is far, far less.
I like the picture I see and I want Drexel to get it right the first time around. It's worth the wait! Also this gives just a little more time to engage those aforementioned "Joint Ventures and Partnerships" Let's keep a handle on unrealistic timeline expectations.
As always JMHO
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