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DayofReckoning

02/02/08 6:26 PM

#6856 RE: TheCaymans #6855

so i am gathering your post of AWYI going to hit .05 very soon!!! is out the window
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Welcome2Pinkyland

02/02/08 6:26 PM

#6857 RE: TheCaymans #6855

its old news - not the best news by any stretch of the imagination - however, did you read the e-mail from the ceo? -not all is lost - we shall see
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bigdaddyc25

02/02/08 6:37 PM

#6860 RE: TheCaymans #6855

Not in this case bud. This is not a typical Cornel deal.

Cornel hold series A pref shares......They had 160 of them and now have about 149. They converted the 11 in to 95M shares at an average of $0.0011 during 2007 - these have already hit the float. They sell as soon as they convert.

They can convert the rest any time, but they can convert at the lessor of $0.10 or 95% of the last 20 trading day average. Cornel's conversion price keeps going up, and it is in their best interest here to have the price continue to rise. It is actualy in Cornel's best interst to have the PPS rise to well above $0.10. That way they can convert at $0.10 and sell at much higher. As long as the PPS is below a dime, Cornel is not a problem here. They are getting their shares at a 5% discount to what we can buy them at.

I have loaded the boat here and continue to add. Cornel will support the PPS in an up motion to well over $0.10. this may take some time, but they are in no rush. They only make multi bag profits at $0.20+. Cornel is not satisfied with small gains. The risk/return profile does not make any sense for them.

Those that truly understand this deal are buying every share they can at these levels.