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Re: Shovelhead1340cc post# 16990

Wednesday, 05/19/2010 4:57:58 PM

Wednesday, May 19, 2010 4:57:58 PM

Post# of 20469
If you look at the chart it appears as if .0018 is taking hold as the new support. Today was the first day we closed at or above the 10 day moving average in quite some time. The 20 day is only a tick above that at .0019.

I agree with others that we are closing in on being fully diluted. At maximum dilution we will be in the 400m range for tradable shares.

Although the volume is light, more eyes are watching this due to the technicals. With any positive news we will shoot right up to the .003 range testing what will then be the 50 day.

I have called several times this week and left messages. One interesting thing I noticed is the call is now being forwarded to a number in Ft. Myers, Florida. 1-239-440-7236. Cell phone I would imagine. Hopefully, one of us will be able to break the silence.

If I continue to see the .0018 support hold through the end of this week I will add 2.5m to my position early next week. At that point I will hold just over 3% of the company, fully diluted. I will either be a huge winner or the board's biggest loser.

Best of luck to all,

Scott

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