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Tuesday, March 31, 2009 3:17:09 PM
Then, EESO moved to the 2nd TA. They were doing OK until the Friday that the LOI was mentioned. They were reporting the additional 300M shares in the O/S before it was ever PR'd by the company...which they were not supposed to do. That triggered more rumors of dilution....only to find out at the end of that day that they had only been restricted as per the preliminary terms of the buyout LOI.
I think he's pointing us to the SOS site to watch for changes to the A/S. Since our O/S is nearly maxed out at the 2B A/S level (only about 8-12M shares to play with), they can't do any share trickery unless it involved a change in the A/S. And to my knowledge, any changes to the A/S are reported on the SOS site.
All IMO.
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