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Post# of 57912
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gershfinance

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gershfinance

Re: WMG2 post# 8411

Friday, 08/24/2007 10:48:28 AM

Friday, August 24, 2007 10:48:28 AM

Post# of 57912
The underwriter was JMP, Not JP Morgan.

Altogether, this is extremely disappoionting, but potentially necessary. One would certainly have hoped for better terms on this financing than a 25% discount to market value and warrants....

At this price, it's too low to sell, but I, too, am frustrated by management's decisions here....

Looks like an unlimited supply of stock beiong offered at 1.95....a PIPEr selling stock at cost and keeping the free warrants?
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