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oil9911

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oil9911

Re: GhostR post# 127810

Tuesday, 02/15/2011 2:11:48 PM

Tuesday, February 15, 2011 2:11:48 PM

Post# of 157004
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Note 6: "Related Party Transactions" unaudited annual financial statements for the period ending Sept. 30, 2010 (posted Jan 3, 2011).

There are any # of reasons why he might have converted pref's (he's been 'converting' for a while, including commons to pref's). The #1 reason is because he can (so one must expect that he will), there may also be tax reasons, and, yes, he may very well have done it to sell some.

Oil.
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