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Re: corwatcher post# 29201

Monday, 10/05/2009 12:52:47 PM

Monday, October 05, 2009 12:52:47 PM

Post# of 57595
Corwatcher, Yes, at the time I was thinking Varney should have had the vote to raise the share limit at the June SHM. However, he was probably already preparing for the July PIPE, and didn't want to tank the stock prior to that, or scare off R+R's investor (BAM) either. Then once the July PIPE happened, Varney couldn't file for a share increase until 60 days afterward. So the timing all makes sense in retrospect.









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