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Re: SteveSchiets post# 354

Friday, 10/09/2009 1:58:19 PM

Friday, October 09, 2009 1:58:19 PM

Post# of 15574
Not really, I just know from coversations that the monthly bills have paid for quite some time, not with debt, but with monthly sales of new shares to accedited investors at .125 a share, and those shares are restricted, can not be sold for something like 2 years IIRC (don't quote me there), but the picture I got is if these acredited investors are paying .125/share, and have been monthly for the last 12 months, and have put something like $500,000 (guess on my part, maybe less, or more, don't recall the exact numbers, but they are posted quarterly in the SEC financial reports), that these guys expect to get a lot higher price in a year or two if they are excepting 1-2 year selling restrictions to buy at .125, so I figure we real safe long term at these recent prices. I won't be selling any shares until we pass $1/share, and if somebody gets desperate and dumps a lot of shares at under .125, I will buy more. I won't sell all my shares till hits $5 or $10. I strongly suspect somebody did a hit and run short sale that took us to .06 last month, bought back and went long.
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