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Re: ThePennyTrader post# 7164

Monday, 08/04/2008 11:59:34 AM

Monday, August 04, 2008 11:59:34 AM

Post# of 27909
I'm not sure as I see the increase in shares as a lie either. When they posted that the shares weren't going up at that point and in the forseeable future, that was two weeks ago, the 24th of July. So then something happened that necessitated the increase which didn't make it a lie so much as it was a new business need by the company. I know I may lose some good brownie points here but I'll give um the bene of the doubt on this one. Perhaps the note holder made them an offer, knowing that the R/M was taking place, that they could repay the loan with shares if the company wanted. CCMJ, not being stupid, said yes and increased the shares to cover the debt. As I said, this would be a new business process thus not making it a lie. I'm thinking that if this is the case, then the note holder knows that the R/M is for real and that they are expecting some huge profits in a short period of time. All in my opinion

Xilo

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