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Friday, March 21, 2014 4:23:00 AM
Nothing to worry. One party dropped a block of 1,3 million shares. A smart party would do it in pieces within 2-3 days. This party decided to do all at once. A bad and unprofessional execution. Either a liquidation of a portfolio or the need for money was desperate. Shit happens.
Within the past 2 months the O/S went up by about 100 million shares. Debt reduction ? Financing ? Partnering ? Most likely debt reduction. Those who did accept the conversion got explained why this is to their benefit. Otherwise they would not have accepted it.
Very soon we will learn about all the progress made on all the several fronts as well.
(FYI, all the above is just my opinion EXCEPT of the last sentence. That one I was told on the phone Wednesday March 19th.)
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