Wednesday, September 03, 2008 9:55:06 AM
Obviously I agree with that:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31562485
As we saw in the last 10-Q the number of Series C Convertible Preferred shares that were converted and sold recently , they certainly do the former. With 1.2 Billion shares outstanding and a 4.9% limit on how many shares YAGI can convert and sell at any one time ... if the trading volume supported it they could convert-at-discount and sell 58.8 Million shares every day.
"I believe that the latest financing contains some language prohibiting shorting of the stock but have not had time to research that one yet"
That 'research' has already been done:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31209367
"(l) Neither the Buyer(s) nor any of its affiliates have an open short position in the Common Stock of the Company, and the Buyer(s) agrees that it shall not, and that it will cause its affiliates not to, engage in any short sales of or hedging transactions with respect to the Common Stock as long as any Convertible Debentures shall remain outstanding."
http://www.sec.gov/Archives/edgar/data/1022701/000114420408043681/v121767_ex10-1.htm
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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