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Re: sumaria post# 30931

Thursday, 08/02/2007 1:28:24 PM

Thursday, August 02, 2007 1:28:24 PM

Post# of 44006
Does anyone know:

If the vote were to pass for the R/S, when would the R/S actually occur? I seem to remember reading that it was a matter of filing the paperwork and that it did not have to occur immediately.

I am thinking/hoping that CB has a plan here. See if this makes sense:

CB obviously wants the R/S to pass. After the vote, he holds off on filing the paperwork for a period of time while driving the pre-R/S pps up with news of successful wells (of which he probably already knows about). It would not take much to get this up near .20 prior to the R/S. Post R/S, that puts the shares at $5.

If he were to file for the R/S immediately, the pps would be around .50. It would take A LOT more here to get the pps from .50 up to $5.

Is that feasible?



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