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frogdreaming

08/27/08 3:11 PM

#79095 RE: dgplexus #79093

Don't worry, I've noticed the credit crunch. LOL

Unfortunately it is irrelevant to the discussion. Management hasn't bought a single share in several years. Looooooong before there was a credit crunch.

As for the manipulation you have the wrong culprits. The stock has been driven down at a constant and consistent rate due to (and only due to) the continuous and inexorable dilution caused by the sale of hundreds of millions of shares.

Since the reverse split and the reduction of the float to 61 million shares there have been well over 10 times as many shares printed and dumped on to the market. No stock can sustain that kind of an onslaught without being driven into the toilet. There is no need for external villains when the explanation is obvious.

The options are meaningless to the discussion as they have a strike price so far above today's levels as to be unreachable with the current stock structure. They are not worth the paper they are written on and never can be.

If the price has bottomed as you imagine then management would be buying up the shares as quickly as they could. None of them would have any trouble rounding up enough funds to take the entire company private if they thought there was any chance of a recovery. They could buy the entire thing for a pittance and since they are the board of directors they could easily accomplish it.

No, you are going to need something a little more substantial than that to explain away their complete disinterest.

regards,
frog