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Re: jetpilot1101 post# 22409

Tuesday, 07/06/2010 1:08:24 PM

Tuesday, July 06, 2010 1:08:24 PM

Post# of 61041
IMO, the recent dilution wasn't a direct dilution by the company for operating cash, but freebie shares to vendors for various services...and the vendors in turn sold the shares because they were nothing more than accounts receivable to them that had to be converted to cash. Those vendors weren't interested in holding on to shares as an appreciable asset/higher price for them, they were interested in getting paid NOW for whatever service had been provided.