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wickw50

03/24/08 8:59 AM

#263075 RE: holter #263074

holter, I do not think JF can sell Preferred or Series B shares given the current price of the common shares(who would buy them?). Even though JF has cut expenses to basically just postage, he still needs to fund the company's debt.... he needs to sell shares to do so, and at these low pps levels, eventually, dilution will win out, and the pps will drop to .0001 as it did before....something has to give... R/S is the most expediant way to restructure the funding...also, I will be surprised if the 10K is filed on time....JMHO
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Z-Axis

03/24/08 9:16 AM

#263076 RE: holter #263074

Holter, hear's a thought: have you seen many logical moves from John "the crook" Fleming thus far?

He once said before that there was going to be NO R/S in the works... then look what happened. Also, he has repeatedly told shareholders what they wanted to hear and what he wanted them to hear - the man is not worth the air he breathes.