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SammyTheBull

10/18/06 2:59 PM

#104198 RE: Ruger20 #104194

Yeah, he lied. Most thought their 1 share would be magically transformed into $15. Instead, he diluted and issued an equivalent that the market will adjust on the x-date to where it was beforehand.
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serfdom

10/18/06 3:02 PM

#104202 RE: Ruger20 #104194

Because if you take the six shares, and add em to the share you already have, let's see that's 7 shares...and if you say that the closing price is $15, which we can do because it's justifiable, then you divide those 7 shares that are actually worth $105 on the DAY before the reset, then subtract the current share price which let's say is $2.00, then DIVIDE by the share price, multiply by the O/S and subtract the unpaid portion of my home, you get $7.21, which is the book value I promised all of you months ago. Now, we take that book value, multiply it by two, and add .58, which equals 1/100 the number of people who didn't appear on the NOBO list. That gives you $15 per share, which is right back where we started because that's what I said to begin with.

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Yukondan

10/18/06 3:12 PM

#104213 RE: Ruger20 #104194

In the market, there are sheep, there are sheep-shearers and there are butchers. This bunch of sheep have been sheared and now they are patiently waiting on the butcher. He will arrive a few days before the magical price reset.