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Re: gail post# 52306

Saturday, 12/15/2007 8:19:35 PM

Saturday, December 15, 2007 8:19:35 PM

Post# of 56764
i got lucky, i had no idea if i should hold or convert my shares.. i converted, i KNEW that they didnt have to honor it. even I knew that from day one.

Then you "knew" wrong. They had an absolute obligation to convert your CD and preferred, if that's what you wanted.

so, i sold it at .0004.. and the fact they sent me my buy back money to my acct?????

Once again, they'd made a commitment, and were obligated to honor it. If they hadn't, shareholders could have sued. And they would have won.
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