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SevenTenEleven

06/21/07 6:23 PM

#295 RE: Erick$on #294

Cornell is the main reason this trades down. They dump shares they issue against a Debenture with little or no support at the bid. They issue a maximum of 4.99% at a time. They may continue to draw down against all the authorized shares. I believe Crivello will restructure the debt and the debenture removing Cornell from the current death spiral. If Crivello bought most of the 30 millions shares last week they have to file in July. Does take the shine off this at times. But the selling by Cornell is an opportunity to get in at low levels or lower cost basis if you are in at high levels.