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Re: doogdilinger post# 2884

Thursday, 10/15/2009 1:28:02 PM

Thursday, October 15, 2009 1:28:02 PM

Post# of 18730
I was thinking the same thing, but I am reloading with COINU, which has the warrants with the stock until about a week from now, if I understand what I am reading in the offering. Having looked closely at their financials this is actually good news that they raising cash with a stock sale here, and any ongoing loses per share should actually drop (loses per share get diluted) as they transition to turning a profit in the future. Looks like the will be raising plenty of cash to pay bills, reduce debt and interest costs, and to pay for future upgrades and expansion. The $1.06 price of the offering on COINU also sets a nice floor to the stock price. Past stock prices, on news, and early last year show this as a $2-5 stock with an upside future. I wont be surprised to see hit $2 again this year, so this looks like a great, relatively safe buy in point. I have been long on this stock since march, never traded it.