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Thursday, July 10, 2008 9:50:00 PM
First of all, the fins just came out today, and given the company's history it's prefectly understandable why it was trading so low.
Secondly, if their $700 million in assets are illiquid (in the form of a promissary note) then of course it would make sense to dilute a bit to gain the necessary cash to expedite the processing of that asset (whatever they needed to do). The point is, they have the asset now!! Say what you want, but the intelligent folks here are buying in.
Get it now? Good attempt at bashing, I'll give that one a C-
TOMORROW's the day!!! GO LONGS!
Secondly, if their $700 million in assets are illiquid (in the form of a promissary note) then of course it would make sense to dilute a bit to gain the necessary cash to expedite the processing of that asset (whatever they needed to do). The point is, they have the asset now!! Say what you want, but the intelligent folks here are buying in.
Get it now? Good attempt at bashing, I'll give that one a C-
TOMORROW's the day!!! GO LONGS!
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