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j_t

03/12/08 8:28 PM

#10374 RE: weo1998 #10372

Idle speculation, but if the stock stays low, does that not discourage Cornell from converting shares? At anything around at .005 - .015, Cornell can redeem literally hundreds of millions of shares for the amount that Innova is in default to them (is the 500K a month from Dec. 2006 additive or do they have to declare each month?). If the stock starts to move, wouldn't Cornell just keep converting shares until the stock is diluted 2 - 8 X what it is now (without the stock ever being able to actually climb beyond the .015 - .02 range)? Is that is what is happening now? If so, then are high volume/small increases in price and/or any good news that doesn't involve getting rid of Cornell actually good for current investors? Also, could Innova manage to limp along until all their Cornell debt was converted into shares? Is that possible, or not?

jt

j_t

03/12/08 8:34 PM

#10376 RE: weo1998 #10372

Also, if Walt W. thinks there is any chance whatsoever that this company might have a chance, why would he sell off the shares he holds? His total holdings, four - five million shares (not counting options), would only make him 20 - 25K right now. Unless he has creditors holding guns to his head, or he thinks/knows the company is toast, why would he sell off now? Even if he is on the outs with current management, why sell the shares for next to nothing?

jt