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matrix

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matrix

Re: stervc post# 453

Tuesday, 05/29/2007 8:33:16 AM

Tuesday, May 29, 2007 8:33:16 AM

Post# of 997
You're incorrect. The S-8 POS does NOT retire or cancel stock from the outstanding. It merely amends the previous S-8 which was filed on 27 July 06. This type of registration (unless modified like they just did) is effective for ~3 years. Whenever the company issues shares against it during this time frame, recipients can immediately sell into the float.

It is NOT the method to retire or cancel stock from the outstanding.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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