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guilfordin

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guilfordin

Re: jim-v post# 369

Thursday, 11/01/2007 2:08:02 PM

Thursday, November 01, 2007 2:08:02 PM

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What you are seeing as "insider buying" is in actuality, shorts "buying to cover". Sellers are also feeding the ask. You should really wait for the 3rd qtr report and read the last SEC filing. I would be surprised if they are able to find someone to underwrite them at this juncture, but if they do, you can expect the cash infusion to be at about .02 share, if that. My guess is sub penny, with 50mil option warrants.
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