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Re: peewee post# 3265

Saturday, 07/03/2010 7:08:07 PM

Saturday, July 03, 2010 7:08:07 PM

Post# of 18730
Well we just got a follow up filing, plan to raise up $75,000,000 filed with the SEC.

No real details other than the dollar limit, and the 250 million AS you mentioned earlier.

They also got another NASDAQ delisting notice this week, with 180 days to D-Day.

I just hope they have good plans to boost the stock back to $2 before they sell new shares, and take care of the delisting notice before this gets nasty here.

Those are bold plans dollar wise, unless they are planning on selling a huge mess of shares at .40 to .50, which would make me as pissed off as BBB!

They definately seem to be moving into a buy competitors mode, or they may be planning to raise cash to pay off the big bond debt down the road???, or both?