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Re: declined22 post# 614

Thursday, 11/15/2007 12:26:41 AM

Thursday, November 15, 2007 12:26:41 AM

Post# of 2246
declined- Don't forget to consider that HOMS owes Cornell Capital Partners about $11MM in debentures at 10% interest, convertible at a 10% discount to a 30 day VWAP and redeemable at a 10-20% premium.

This reality, and the fact that McMillen's acquisitions aren't producing the anticipated cashflow is what holds the price down. McMillen touted a $21MM year, but after 3 quarters the revs are just under $9MM.


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