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Re: Puffer post# 57002

Friday, 12/09/2011 3:07:10 PM

Friday, December 09, 2011 3:07:10 PM

Post# of 146240
As long as they want to build a position less than 2 weeks of Seaside conversion, that is

$400K = $400K*1.15/.61 shares = 754K shares

Essentially close to 1 million shares. So if they want to build a position of 1 million shares or less, it would not cause any price spike. Ask them to just create a bid like 200K shares for $0.61 and Seaside will be happy to fill the bid. No need to chase the price like buying several lots of 50K shares at ask etc.

As the price of stock drops, Seaside buys become huge in number of shares. Can you believe Seaside would be looking to unload 750K shares every two weeks. No way it is possible in this market without causing price devastation.

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