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Re: walterc post# 18

Friday, 08/24/2007 10:48:45 AM

Friday, August 24, 2007 10:48:45 AM

Post# of 129
walterc: "but the question is ? Are manaris shares manipulated to keep them down."

I suppose anything is possible and if the share price was in fact being manipulated I would be very surprised if Fraser wasn't aware of it. The only thing that would make sense to me if that were the case, would be a private placement where it would be prearranged that a substantial investor would be willing to buy up convertible debt at specific price points then add additional capital into the company and receive warrants as an incentive. The rational being a private placement would not want be under cut by the CD bearer and as long as convertible debt is there it would be very difficult for Mararis to get new forms of capitalization IMO.

However, I still believe in all probability it is the CD bearer selling stock.