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Re: g-ianni post# 3789

Wednesday, 10/14/2009 5:39:08 AM

Wednesday, October 14, 2009 5:39:08 AM

Post# of 5964
IF the bi monthly dilutions indeed stop and are not extended this month, then bcon might be close to a bottom range here .60-.65.
the bi montly dilutions were scheduled to run untill last week, after which the company can extend them untill a total of 15mln in dollar value is diluted, since past months the dilution had been 1.5mln shares per two weeks, they allready have received a substantial part of that total money.

If the dilution program is extended to fully utilize the 15 million, than its another matter and lower lows might be possible.

I think odds are good of bottom forming in current zone.

Starter position

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