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sweet crude

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sweet crude

Re: None

Thursday, 01/05/2006 4:52:35 PM

Thursday, January 05, 2006 4:52:35 PM

Post# of 4856
14c was already known....

many traders got spooked today from the 14c announce increase of 'authorized' shares to 5 billion, but this was already known by the market.

On Dec 23, 2005 a pre-14c was released announcing this deal, and on the chart that is when the stock found the floor. On Dec. 29, 2005 the company released their letter to shareholders discussing the increase in authorized, and stock started its up trend. THIS IS NOT NEWS....this was already known by market, and actually, the stock began trending up since it was announced.

To me, cause of the 20 times voting rights clause, this looks more like a posion pill clause. This is set in place to prevent someone from gaining to many shares to take over the company.

14c not dilution, but a posion pill...IMO.
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