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Re: thechamber post# 306

Wednesday, 10/05/2005 10:36:47 PM

Wednesday, October 05, 2005 10:36:47 PM

Post# of 919
My read on this is that the company cannot make a comment for a period of ten days to why they have done and "on again" and 'off again" on the possibility of a R/S. I have seen this happen before about a year ago, and it turned out that the company was in the midst of doing a dedicated funding for an acquisition and the financier required the Board have the flexibility to do a R/S if the stock price rose to the point that the market capitalization would permit a move to a real exchange. (Let's face it, the OTCBB is not a REAL exchange--more like the Wild West).

Turned out the acquisition was great for the company and they did move to the AMEX after the benefits of the acquisition helped drive the stock up. They did the R/S, but the investors did not give a d amn because they were in the green and no longer invested in the OTCBB.

Hope this is the case here. I cannot imagine another reason why they would reintroduce the possibility unless it was for a DGR. (Damn Good Reason)

If I can get away during work tomorrow, I will call IR and report back.
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