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Re: doughboy2 post# 222348

Wednesday, 03/16/2011 12:11:05 PM

Wednesday, March 16, 2011 12:11:05 PM

Post# of 375420
The current share price reflects a very optimistic valuation of $2.3 million for a wreak that has no unencumbered assets and no prospects other than as the bottom of a reverse merger. Its not helping that the company is locked in a governance battle with a creature from the black lagoon, while the erstwhile white knight (who I believe really is trying to be a good guy) had his own helpings of debt swaps (aka illegal highly discounting unregistered underwritings) while pumping the beast, and naively thought he could "fix things" by unilaterally changing the Articles without consent of all the holders. We'll find out tonight if the owner of Centaflux still wants to RM - if his lawyers let him. Tomorrow we'll get a Denver boot on the plane. In the mean time, a some magpies are still circling overhead skwacking about how great the stock is while maggots (the lawyers) get any meat left on the bones. The only reason to keep following this drama is morbid curiosity as to who if any will be indicted and get to do the perp walk. I am surprised anyone couldn't see this pink sheet stock was screwing its gullible common holders from the beginning, and is still singing from the same hymnal.