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Re: Iggy_Bot post# 36365

Monday, 06/16/2008 11:20:10 AM

Monday, June 16, 2008 11:20:10 AM

Post# of 49486
They might not be able to tell us. At least that's my optimistic take on this.

I own private shares in 2 companies right now that are working on going public and they can't say anything during the process. They can't even tell me anything other than what they have systematically told me before. They are prohibited from disclosing anything that could influence a person's decision to buy or sell. That's my hope here.

The down side of such silence is that it sometimes is an influence on it's own.

Others have argued that because they are a pink sheet, such rules don't apply. But, it's not a matter of what the company currently is as much as a question of what they are working towards.

This is 110% conjecture based on a few bits gleaned from some PRs. They hinted towards reporting and moving up. Maybe that's all part of the deal all wrapped up in one package.

Maybe those extra shares that appeared are also part of this. After all, how is this going to be paid for? How is the "investment group" going to get their return? If 7M were out and at least 1/2 of those shares are claimed to be owned by people here, where do the investors get their return?? My bet is those extra shares.

Of course, reading all the messages here, I'm feeling less and less optimistic. Maybe we should all drink the kool-aid and be done with it all.