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Re: Crosscut post# 21556

Sunday, 12/13/2009 11:14:10 PM

Sunday, December 13, 2009 11:14:10 PM

Post# of 83075
I guess we differ on a couple of points. First, I'm assuming that the out-standing shares are now at 1 billion shares. I know the published o/s is 650m, but I really think its been increased as part of the financing for the cc program and is not current. Secondly, if you get 10 mil for the forward cc sell, but can't get the big equipment in place for the upcoming season, why not defer spending some of that equipment money for say 6 months for a share buy-back which will be worth more in 6 months. The equipment is just going to depreciate sitting on a dock waiting for a road, maintenance and peripheral equipment. On the hand, some could view that concept as gambling that the share price will be worth more six months from now.

Fish