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rocketeer357

11/23/08 4:14 AM

#24682 RE: ypsiCPA #24679

Not sure I understand. Per the financing with MCET, on the date the MCET entered into the convertible, the PPS was over .20 a share. It subsequently rose to 3.35 a share before falling to its current .02 a share.

Hard to draw hard conclusions or links between the convertible and the current PPS as the company had CEO and other issues.

If you look at the La Jolla site, the link to "Portfolio" says "Avaiable upon request".

I've requested their current portfolio. And I've also requested a list of companies with whom they've done convertibles in the past 5 years.

I suggest every long here do the same.