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Re: skunksyard post# 97567

Thursday, 06/23/2011 3:40:31 PM

Thursday, June 23, 2011 3:40:31 PM

Post# of 103302
Sorry I thought you were referring to the Susanville preferred. The even number of "60%" tells me it may be a fixed conversion for the mgt preferred. But who knows. Like I said earlier...if it is not and is dollar for dollar and the 60% was based on 0.0052 or some higher common stock price...that ownership may be at 80-90% at 0.002. Who knows.

If we see another filing, I would expect this to be in there in much mroe detail. Time will tell. I am a bit surprised that some longs are not hammering the company for this info.

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