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Friday, February 15, 2008 8:56:45 AM
Company diluted to the tune of 18-20M shares into news from 1/23/08 to early February to raise much needed capital to advance their plans and open door for latest aquisition they are in talks about. (Most of us were told float was 2.5M shares to that point and recently have been told it is around 20M) Look at the volume during that 2 week period following first PR. Mirror trades also support this theory IMHO.
I am not bashing even though this sucks and they pretty much swallowed our 10 bagger with this dilution. The future is still awesome for this company!
I believe this increase in the float has pretty much been absorbed by a lot of us here. (gotta love any opportunity to average down ....lol) So we should be pretty close to seeing some moderate jumps in pps if the information flow from the company continues on a weekly basis. Filings will put us where we all expected to be when we thought float was smaller.
JMHO BWTFDIK!
IMHO BWTFDIK!
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