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Saturday, March 05, 2011 12:30:00 PM
What we do know from filings it that on 7/31/09 there were 94 million shares and on 7/31/10 there were 359 million shares.
During that time, the stock went from about $2 to 12 cents.
Don't discount large shareholders continuing to average down both in hopes of something turning things around and in supporting the price and reducing the chance of the company filing for bankruptcy.
And always remember, every one of those shares was also sold by someone. Who do you think is more likely to have a better perspective on the company, those who were given them by the company for services rendered, or those who are buying?
The only thing necessary for the triumph of evil is for good men to do nothing.
EDMUND BURKE (and others)
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