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Re: heelsgo1 post# 83782

Wednesday, 11/19/2008 1:45:03 AM

Wednesday, November 19, 2008 1:45:03 AM

Post# of 87366
Well it's just about anybody's guess how this will play out.....sorry, wish I had some more insight :)

The recent AS increase is a concern....it could be for a future shareholder's divi...it could be to pay bills....or for direct sales of shares by the Company to individuals....could it also be that when the name and cusip change occurs....the naked shorts will be forced to cover by buying real shares....and we can only guess how many of those there are, over and above the legitimate outstanding shares....? It seems to me that an RS is not imminent if they have just increased the AS.....

We await the date of the next conference call for November and the Action Plan for 2009 to be published in December...as well as the AF's.....and an update on projects.....

The bottom line is the company needs to deliver something that confirms there is real value and potential in this company...without that they will not be able to generate an further income from selling shares and no potential to increase the
pps.....the insiders own a lot of shares as well as us...ultimately they stand to gain much more by getting the pps up..than selling at these levels....getting the PPS/
increasing shareholder value will take significant real/ substantiated news on there part....an RS with no support would hurt us and insiders holdings a well..

And I think that is what keeps us longs going ( apart from the fact that we can't sell anyway;)....the hope that they actually are working on a legit business and do pull this off...and for me I'd still rather be holding my ticket in case it happens at some point....whether now, next year of the year after...or maybe never....than not...meanwhile get on with life...cause it's all too short:)

GLTA

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