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Post# of 19304
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Jagman

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Jagman

Re: Waitedg post# 2508

Friday, 10/28/2005 6:25:04 AM

Friday, October 28, 2005 6:25:04 AM

Post# of 19304
Waitedg, the kicker in the IDCO CD's is the statement, "at a conversion price of $0.60, subject to adjustment." That means to me the CD holder is probably guaranteed a percent discount so the $0.60 is not fixed. Also note in the 8-K, "we have reserved 130% of the number of shares of common stock otherwise issuable under the debentures and warrants to provide for adjustments as may be required under those instruments."

Hard to tell what the final dilution will be, if other OTC's are any example, it won't be good in the long term, IMO....

Cash is King until further notice!!!

My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.

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