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Re: Planopenny post# 8

Sunday, 03/27/2011 4:30:35 PM

Sunday, March 27, 2011 4:30:35 PM

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You are right, it's 30c. I still don't like the financials, far from good. In 2009 they needed to sell those convertibles for $15MM, and a good chunk of that money is already gone, they are leaking money slowly but surely, I'd say in another 2 years they will need to sell more. They delisted from NASDAQ for a reason, hell, they're not even OTC, they're pink. And they couldn't get a bank loan, they had to sell convertible debs. Fully diluted the O/S will be 78MM. I would act as if the O/S is 78MM now and make any investment decisions based on that number. I'd buy their steak but not their stock :)

IMO

I would sooner have you hate me for telling you the truth than adore me for telling you lies.

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