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ThSeeker

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ThSeeker

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Re: martingale post# 903

Friday, 01/04/2008 4:18:18 PM

Friday, January 04, 2008 4:18:18 PM

Post# of 16405
IMO and its just that- an opinion. Using the current PPS for XXIS to help set SPZI value is premature. Although I may not know as much as some here about XXIS's value. It is my opinion that the current $.48 is not to be trusted as representing the value XXIS shares deserve. It may be worth less or more but I've not seen any info that would allow me to evaluate what dollar value it should be. Seems very risky buying it based on what is known about their financials.
If you guys have more info for speculating on proper XXIS PPS please share. Not trying to bash. Just want to be realistic and objective about what we know or don't know that allows us to determine if $.48 / share makes sense.

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.

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