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charthopper

02/09/07 4:09 PM

#6331 RE: Tuff-Stuff #6330

Mike, are u invested here? :)

Looks like he is reading this.
Pretty cool
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Art2Gecko

02/09/07 4:13 PM

#6332 RE: Tuff-Stuff #6330

yes. more than 2 words.. hehe.. Well this kind of lends support to my previous theory, that perhaps whomever got a block of stock (that 113MM shares added to the float) is probably the seller... (perhaps a financier, partner, acquisition target, or whomever) and separate from the company itself, meaning, this isn't endless dilution from the company. It's a finite amount of shares, looking like it was doled out to whomever got it back on 1/30 or immediately before.

I wonder if someone has been buying their block of shares on the open market, and NITE and BRGE have been keeping the pps in the "agreed to" range for the transactions to take place..

From Palmer's email, it would seem that the share structure is the same as it was last week. Will send a follow up to confirm that, but given his "company not selling" theme, it would make sense that it's the same.