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Re: dbmarlowe1 post# 109576

Wednesday, 03/27/2013 8:33:31 AM

Wednesday, March 27, 2013 8:33:31 AM

Post# of 118202
This was a straight reverse split, nothing extra was paid to anyone except for rounding up to the next share. for every 20 of the old stock you received 1 share of the new stock. This was strictly a replacement, not additional shares. Since the reverse split the value of our holdings are down over 90%. since the high of last year it is down over 99.5%.

What is being sold every day are either dilution by the company, or naked shorts by people who beleive they will never have to cover. There are too many shorts for them to be real shorts of borrowed shares.

The total market cap (value of all outstanding shares) is $77,400. This means the value of all shares owned by non insiders (us) is under 38 thousand.
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