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Re: doogdilinger post# 2886

Thursday, 10/15/2009 1:54:24 PM

Thursday, October 15, 2009 1:54:24 PM

Post# of 18730
OK, this one is a no brainer. Usually (as we see today) a big stock sale that increases float hurts the current stock price, as we see today, but here is the other side of the picture. I just read in the prospectus, that the current book value of COIN is about .04/share. With nearly $15 million dollars going into the Coin bank account from this stock issue, their book value will go up 1500%, raising the book value of Coin to .44/share!

This should be a great time to buy the stock!!!! Like I said I have placed an order for the COINU. It is already trading. I don't know if we can buy COINU from the underwriter at $1.06, but it is already trading at a few cents over the COIN price, and a little over the COINU price, so I suspect the underwriters sold all 15 million already, but I don't know for sure. I like the idea of get warrants to 2014 with the COINU for a few cents more that current COIN shares. The COINU splits out to COIN and COINW warrants in about 45 days.