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Re: RDG013 post# 29479

Saturday, 08/01/2009 4:16:35 PM

Saturday, August 01, 2009 4:16:35 PM

Post# of 83049
Completely Agree with you RDG013! IMO...The reason for our outrageous OS/AS/Float is because of numerous SHARE BACKED LOANS.

"I am thinking it is possible that we see a dramatic share reduction if/when we get long term financing to replace many of these short term bridge loans."

When LT financing does happen and the company pays back the share backed loans and does a share buy back on the open market this baby will fly!!! If you look at the latest share structure offered by Ally you will already see a reduction in the number of shares! I think the company is currently paying down debt with the sale of magnetite (soon to be concentrate) and we will see shares going back into the treasury and the AS/OS/Float will come way back down! IMO

I'm adding to my position Monday!
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