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steeledge

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steeledge

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Re: None

Tuesday, 02/09/2010 6:17:51 PM

Tuesday, February 09, 2010 6:17:51 PM

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More interesting stuff:

1) Buried in one of the 13G/A filings that I mentioned yesterday is this guy Samuels who reported owning 6.6%...of the WARRANTS (almost 500K of them). That's no chump change.

http://sec.gov/Archives/edgar/data/1313610/000114420410004645/v172462_sc13ga.htm

That 495k is down 40k from a filing 1 year ago. http://msnmoney.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=6398730&SessionID=VS9eWEAOgVIBMD9


2) The 6K filed today covers about 20% of the total outstanding shares. If that doesn't eliminate most all of the dissenting shares, then this deal was doomed from the beginning. The way I read it, this 6K greatly increases the chance for a successful vote.

Solid DD combined with timeliness and conviction is a recipe for profits.

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