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Argyll

06/22/07 3:31 PM

#3516 RE: steeltoe #3511

The stock has been up primarily because of the announcement of the rescission of the 504D and the required return of 25 million shares. Look at the date of the PR and when the stock moved.

The names are not a particularly big deal at all because this is a one-time project, one of many. They released sixteen names for the Christmas album and that didn't do much, but only because there were two major sellers dumping.

It's pretty clear the stock has moved with the removal of the dumper and the amelioration of illegal shares.

This is only one of many projects...why look for wild spikes when the company is building itself step by step? Consider the New York project, a military album, the Christmas album, and signing of artists to the record label.

Then also consider that the buyback is going to work itself out over several weeks.