One Step Ahead

[easymonee]

The Casavant Plan...

Last month I put a post out about merger possibilities. In the post I said it could be changed as the story and My DD changed. I still believe most of the post is valid.

http://www.investorshub.com/boards/read_msg.asp?message_id=5295103

I believe there is a large short, Urban is holding a large portion of the shares in cert form IMO. The dividends last year were payed to all of the naked shares. What is going to happen when Urban shows the SEC the shares he holds in cert form and tells them dividends are owed on those shares. The DTC and brokers would not of known about these shares Urban holds. The short will be proven conclusivly.

It now appears Urban will take the company private IMO. Look for a buyout in the .05 range, depending on negotiations. Then possible a merger with CIM. Shareholders would get the other 20 billion dividend shares that have not been issued in the transactions, possible free trading on an IPO.

I don't believe the stock will trade again. There will be OS clarification PR's as well as 8K's, that will tighten the noose. I don't believe the total size of this short will be known, it is too damaging to the market.

Where is the money going to come from for the buyout, look at CITI. They purchased NITE's derivitive business, (the entitiy that is suspected as one of the large shorters.)last year. CITI also sold 20-40 billion dollars worth of shares last year, where is all that money going to be used, hmmmmmmm. CITI has become more involved with the company over the last year.

Maheu is not playing around, he will continue to add pressure to get this resolved. The SEC will do the right thing to resolve this.