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venomen2002

08/25/08 12:53 AM

#736 RE: igotthemojo #735

Well we know that the new investors
are not buying up the stock right now..unless they are doing it individually..They would have to report anything over 5% ownership I believe..So that would take a fairly large group of individuals to get control of the company..I would agree that they could and probably did say this is what we will pay to the current financiers..so keep it down..That makes complete sense with the trading we have seen lately..It states in the filing that the convertible debt can be bought out..I don't believe I read that any restrictions are put upon either party for that kind of a deal..I do believe that the financiers want to lock up those shares once they have them at a premium to the current pps..What that pps would be or the length of the lock up is the big question..I would guess a minimum of 6 months and more likely a year for the period..The other question would be..are they waiting for a certain number to go into the OS or are they waiting for almost all to go in..I do know they can't breach the A/S..I was told one time they can't even get real close without a deal in place or asking for more shares..In the latter they have to give the shareholder's a period of time for the proxies to be sent out and returned and hold the meetings..Dean said no A/S increase and I believe that statement...veno