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Re: Coniba post# 9563

Wednesday, 07/20/2011 6:45:22 PM

Wednesday, July 20, 2011 6:45:22 PM

Post# of 24405
If YRCW gets back to break even, or even close, they could turn into a take over target, but then the question is will stock holders see any gain in a such a deal. I see no chance of a take over, until the refinancing is completed. And the refinancing is likely to leave existing stock holders with stock shares valued at about .25/share, but that is just a guess based on the lack of details we have been given on the refinancing terms.

I also expect a possible R/S after the refinancing deal is completed. On that basis I am on the sidelines at today's price.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!