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ypsiCPA

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ypsiCPA

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Re: robwilly post# 24665

Saturday, 11/22/2008 6:25:49 PM

Saturday, November 22, 2008 6:25:49 PM

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robwilly, most wealthy individuals are feeling a pinch, as their portfolios contract and interest income declines. And the La Jolla financing will bring in much more cash than a few hundred thousand.

La Jolla has a decent reputation (unlike Cornell); shorting on their part would be inconsistent with past behavior. And the agreement puts a floor of .38 in place, so even if La Jolla were inclined to short it would make no sense below .38.
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