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Re: catani post# 11145

Sunday, 02/15/2009 3:33:48 PM

Sunday, February 15, 2009 3:33:48 PM

Post# of 16405
Lets also look at this in another way.

First deadline for preferred shares Nov 7 2008. Lock up period three months. R/S happened Feb 6th... three months.

Then it was extended to Dec 31, but is that really the start date for three months. No, it is when the shares were turned in to the TA.

Thus the company offered preferred share with 12.5X returns, if bought at 0.0001.

The company might not dump, it will be all the insiders that got in before Nov 7 and are converting back to common shares. Everyone that got in late will be left in the cold.

All of this might all be false (just my opinion). If the company comes out and states that all preferred shares conversion starts at Dec 31th for the three month waiting period.

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