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Re: None

Thursday, 12/30/2004 4:00:05 AM

Thursday, December 30, 2004 4:00:05 AM

Post# of 326352
Good questions. I'm guessing (and hoping) that the selling that is going on right before the end of the year has to do with taxes; the big boys on the inside are taking some tax losses, IMO. These shares were bought at much higher levels, and by selling them now, right before the end of the year, they can write off the tax losses. remember, these shares were in the dollars a few years ago; 1 million shares at 2 dollars sold now for .26 cents is an enormous tax write off.

however, that being said, if i was an insider, and i believed the stock was going to a buck within a few months, would i sell a million plus shares? it's certainly disconcerting. BUt my bet still is it has to do with taxes, since this is the last week of the year. the fact that the pps hasn't dropped off is very encouraging. if we can close out the year above .25 i think we'll have a very good january.

best

joe