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Re: Claypool Reservoir post# 4896

Saturday, 12/05/2009 10:44:17 AM

Saturday, December 05, 2009 10:44:17 AM

Post# of 22569
And depending on whether or not Bill has followed through on exchanging his common for preferred that could be very bad news.

If he has not, then why not. It was announced a while ago.

If he has exchnaged already then one would want to see the O/S reduced by 200 million common shares NOT the same as it was before.

I see NO CHANGE as bad news here because you do not know where the 200 million common shares and and at what price they will hit the market.

Sorry Claypool but NO CHANGE is BAD IMO.