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Re: ghcnj post# 22426

Monday, 09/15/2008 12:30:02 PM

Monday, September 15, 2008 12:30:02 PM

Post# of 118239
The KEY WORD here is PROJECTS. Anyone can issue something like this and use the word "projects". Happens everyday in the pinks. Even if they said they had actual rev's of some kind it is subject to close scrunity as someone pointed out today even audits can be fallicous.

You have your opinion and I have mine but it too late for me
to bail at this point. My opinion is they will reverse split at some point in time to get the pps back up and then try and ride that for as long as they can. In the meanwhile the developers who did have committments for funding their projects are likely to get a phone call from their banks today telling them the terms have changed or perhaps been cancelled all together. These types of loans are exactly what the banks don't want on their balance sheets as the debts are being severlly discounted mark to mark today and for the past 90 days.

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