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TallTrader

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Re: Daros post# 369

Thursday, 12/09/2010 8:47:16 AM

Thursday, December 09, 2010 8:47:16 AM

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If this company goes to $50, then its market cap will be $2.7 billion.

Can you tell me how an art gallery with 17 paintings, and $1mil in cash is going to be worth $2.7 billion by 3/7/2013?

The warrants were left over from when the company did their initial SPAC public offering. Non of the current management owns any of them (unless they bought some in the open market). Why would they care if they expired worthless?
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