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stocksablaze

10/25/07 8:22 AM

#78678 RE: ocipio #78651

interesting.. hope tom will clear this up asap. until he does i am out... I sold my position on the gap yesterday, happy I did now. Goodluck.

bornlong

10/25/07 8:34 AM

#78688 RE: ocipio #78651


Ocipio,

IMO. They could have converted part of the Preferred C. Or they may have issued more shares to raise the cash necessary to close the Hacketts deal.

Not sure but expected a PR soon to boast about the merger and clear the air.

Any valuation should be based on the full dilution of the series C so were knocking on the door of 800M O/S worst case.