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Re: scandalls post# 14171

Monday, 10/01/2007 1:34:44 PM

Monday, October 01, 2007 1:34:44 PM

Post# of 19383
In general, the price of the offering is generally what the price of the stock was the previous close. Perhaps the buyers are looking for some kind of a bottom. The problem with these types of private placements are that the agents (Merriman) usually have all the buyers in place at the same time. I got a hunch that buyers are either getting out, or holding off. So there may have been a gradual shift of buyers in and buyers out. There is nothing Merriman can do to support the price. if they get the buyers in at a higher price, and it drops down afterwards, their name is mud in that particular community. They are more interested in retaining their buyers for future placements than they are in any one particular placement. It wouldn't surprise if the buyers have gone away from this and into Spicey Pickle (spkl.ob), which appears to be a slam dunk for making money.