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TXdreamer

06/11/07 7:10 PM

#1827 RE: Cashinhand #1826

I think so.

If they dilute it, pps will drop largely.
But they have not diluted it yet.
Market overacted.

Previous management burned too much money to sell products.
Board has realized the problem and is fixing it.

I will hold for it to come back.
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finance lizard

06/11/07 7:33 PM

#1828 RE: Cashinhand #1826

i think that is not possible... no way. float way to high and they are a going concern... no way dude no way
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wolfgangrene

06/11/07 9:08 PM

#1829 RE: Cashinhand #1826

From May2 PR
The Company also announced that, on May 1, 2007, it closed a funding transaction with six accredited institutional investors, for the issuance and sale of 18.5 million shares of the Company's common stock to the Subscribers for $740,000. The Company also issued five year warrants for the purchase of an additional 9.25 million shares of common stock at an exercise price of $0.04 per share.
That's not dilution?

Incidently, I own a lot of shares. I expect to make money, but we're unlikely to see .30 anytime soon. This is purely a chart play now. The weekly has some potential.