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Tuesday, 03/22/2011 7:26:17 PM

Tuesday, March 22, 2011 7:26:17 PM

Post# of 54012
A repost of a comment I left on Yahoo:

Here's one of the big concerns I've got: there's a negative stigma associated with a Reverse Split. When done for an obvious reason (i.e. uplisting) then people mostly get it as to why it was done. Folks who've been following the company and who believe in the company don't need the reverse split to buy. There are some potential buyers (institutions) that may know and love the story that do need it to buy.

So my big question is: are there enough buyers who know and love the company who are ready to buy an unaudited pink sheet company just because the price will be in a better range?

In my mind, the company has executed its business well, but the IR strategy has been sub-par. I think that exposes us even more now, as without pre-arranged buyers or a big event that overshadows even the most inept IR strategy, it will leave only the negative stigma that will bucket us with other companies doing a R/S out of desperation.

Having said all this, I don't have a lot of experience in the R/S space, so these are simply my feelings on the matter - not much authority in them. And I still believe in the company. So I'm not selling; I put in a buy for another 100k shares that didn't get hit today and am waiting for the results of the call to determine how I'll vote.

Regards
-Pat
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