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Re: SevenTenEleven post# 167295

Saturday, 12/04/2010 12:04:47 PM

Saturday, December 04, 2010 12:04:47 PM

Post# of 221872
SevenTenEleven: Excellent post illustrating why the longs are holding and some are accumulating. In addition the Financial Reform Bill requiring all hedge funds with assets over 100 million to start reporting their long and short positions to the SEC on a daily basis. The same legislation makes those hedge funds subject to surprise audits by the SEC as well. Now we know for a fact that the FBI has already raided 3 hedge funds and issued subpoenas to others. Will some of those hedge funds make a business decision to cover their short positions before having to report them or be subject to criminal charges? If even one does what effect will it have? One thing for certain any of those who claim to be trying to sell at .0001 would have their shares snatched up in a heartbeat and we would not be buying any more shares at .0001 for sure. Interesting days ahead to be sure.
Go FFGO!!!

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