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Thursday, May 05, 2011 10:24:27 AM
Now had he state "there will be under xx dilution, but it will not go over x amount" and "We will not be reverse splitting the stock in 2011" it might mean something. Those are comments that are guarantees. What he actually said is "UNLESS SOMETHING UNFORESEEN HAPPENS (such as drop in pps) or ... then we will have to do something to make our stock marketable as no institutions will want to buy something for .0001/share"
Tom Scozzafava himself "Expected significant dilution to subside" while signing 9 convertible debentures. Of course it went from SIGNIFICANT DILUTION to EXTREME DILUTION. You can't trust anything these penny stock CEO's expect, forsee, do not plan on, plan on, believe...
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