Mostly: Classical

[Sexton O Blake]

Of a kingdom, beyonnnnnnnd the skies..

Well lookie lookie. I got this huge book about RedBack's restructuring.

Then I got ANOTHER one within a week with slightly different stuff. Didn't read it all except the "73 for 1" - TOSS

Anyways as we all know Blakes take - it was consolidated 73 for 1. I don't mind saying the lark was small compared to most of my other investments but still a loss is a loss.

Anyways my 2K shares turned into 28. But it gets better actually. Today in my account I look and see this:

"REDBACK NETWORKS INC-NEW--Q28-$8.82-T$247.00" (RBAKD)
"WTS-REDBACK NTWK-$5-2JA10-Q29-$8.80-T$255.00" (RBAKW)
"WTS-REDBACK NTW$9.5-2JA10-Q30-$8.00-T$240.00" (RBAKZ)

Huh I say.. HUH indeed. At the split the price was about $0.30.. or $600 value.

Today RBAKD up a $1 so
#1 @ 9.93 = T$277
#2 @ 10.25 = T$297
#3 @ 10.00 = T$300
Total.. $874. .... I am up $274..

Wow a positive consolidation after all.. and they gave us Warrants.. Vultures gave me Warrants.. can you believe this?
To what.. 2010? Jeez.. another tech bubble and I'll be a millionaire.. with all of 29-30 warrants!!

Now you see, if I would have known warrants were included (AKA the book wasn't so thick), I might have actually said - you know what, I'll increase my position a little because the Warrants add a little spark to the investment. Whatever..

If I can get back to even and then even make something, not bad. But my guard goes up if it gets to 50% loss.. which is very close..

Like Godfather - "so why come to me with this generous offer?"

We're having s-e-x.. and Oh.. blake, you can't refuse..

Okay. yes please.. (!!!!!)