Saturday, February 25, 2012 5:43:42 AM
Now that the cards are on the table, let's start with the next hand:
I certainly think that those who see this RS as an insurance policy are correct in their thinking. Big question: Insurance against what? Everyone here has to figure out whether or not the executives of the company are concerned that they might not get $1 by Sept 20, or are they just following the rules to get the extension. I'd say odds at this time are 75 (Not get to $1) to 25 (just following rules to get extension).
Reasons I think that staying under $1 is the higher probability, and thus requiring a RS before Sept 20 (that will happen, of course when you least expect it - so remain VERY CAUTIOUS if you continue to trade this POS):
What concerns me most is that the this filing demonstrates once again that the dilution is ongoing and even more rampant than even I thought.
So this is over and above the surprising 30.8M shares OS that we just foiund out about in the 10Q. I was thinking before the 10Q that we would probably be at about 28M and was surprised to see 30.8M with another 3M+ immediately in the works as shown with this statement in the 10Q:
and then the next biggie - another 15M shares ASAP)
And THEN we get this:
Just so Peter can assure that the card game will continue ad nauseum.
Trade at your own risk, WITH CAUTION!
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