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Re: Libra59 post# 84512

Wednesday, 12/10/2008 8:16:20 PM

Wednesday, December 10, 2008 8:16:20 PM

Post# of 87366
Do you or anyone here know from other stocks what the range in the bid/ ask can be after such a large RS? $10.00 post RS pps is much higher than most anticipated imo.....if the range could be huge that may explain why as the pps could drop very quickly down...if anyone has examples it would be appreciated.

As far as uplisting goes who knows.....they 'talked' of AMEX in the October Webinair which requires a minimum pps >$2.00 (lowest pps based on certain other criteria for uplisting) but that also needs audited financials and I would have thought a viable business which is anything but proven to be the case here....I think the fact that uplisting wasn't mentioned in their pr is significant imo.....it would have been another obvious carrot.....They 'talk' about doing an audit.....if they do it would be one of the missing pieces for uplisting.....then they would just need to show they have a real business:)

Not sure why they increased the AS recently to 30 billion and then do an RS of 100,00 to 1....doesn't make sense.....imo. Assume the divi to shareholders of record of Dec 10th will be based on the pre RS share numbers? Thoughts?

At this stage I am just hoping that something comes of this...but resigned also to the possibilty that it may all go down in flames:)

GLTA



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