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mkinhaw

04/21/04 12:20 PM

#26212 RE: bobkubecka #26209

NCIH
increasing auth
from 600 mill to 5 bill ????
MK
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veteran98

04/21/04 10:00 PM

#26227 RE: bobkubecka #26209

NCIH still watching it. I'm flat right now but I'm wondering why it is trading such significant volume with only 2.8 million o/s. The company has a dubious history which I was fully aware of when I jumped in earlier but I'm a little learier now. The volume is obviously coming from somewhere I'm guessing maybe some of the preferred stock is being converted which I believe (not 100% sure) each preferred share is convertible into 25 common shares. If this is the case this means look for roughly 30 million additional shares to hit the market.