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Land Agent

05/16/07 9:34 PM

#3626 RE: rancherho #3625

If they merge with another company there will be plenty of money to go ahead -- right ? --
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walldiver

05/16/07 10:43 PM

#3627 RE: rancherho #3625

Agreed...unless a partnership is close, no time is better than now to raise money.
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croumagnon

05/17/07 1:43 AM

#3629 RE: rancherho #3625

"a delay could make last year's $4.50 secondary pricing look good."

I disagree with that assessment although I realize I am in the minority here. Even if it became clear that approval will not come before at least the interim results of 9902b are tabulated, I think there is enough here to keep a bottom on the stock at or near $5. Even the negative UBS is now putting our price target at $4.5. I suspect we will soon find out that much of the short position has already covered and the stock will resume a modest upside until further news...The fact that we got such a strong endorsement by the advisory panel is a huge positive for the stock and even a delay of a couple of years will not justify much lower prices.