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Re: double_d post# 1885

Saturday, 02/06/2010 11:45:17 PM

Saturday, February 06, 2010 11:45:17 PM

Post# of 7206
It is not easy to accumulate a significant position in the stock right now. As few as 10k to 20k shares at the ask can move the ask $0.05 or more, which right now is about 10%. It is just very thinly traded and can move big either way with relative ease. When public confirmation of the equity committee's plan of reorganization hits then the volume will come in. I look forward to seeing what "real news" and volume can do for the stock price.

Newtech made reference to a "bone" being thrown in to expedite restructuring efforts and his point is well taken on that front. Even if the parting gift were as small as $10-20 million (which is a worst case scenario) then the downside here is only about $0.25 to $0.50 while the potential upside is many multiples of the current price. That is a great risk/reward tradeoff and one that is due, in large part, to the presence of the equity committee. These committee's tend to provide a nice floor underneath the equity valuation and stock price.

Best wishes.

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