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countrmike

12/11/08 1:30 AM

#25377 RE: ORCA #25376

YES Taki. I sold @ .01. But that was when Arne was presenting his plan and the momo was on. Now there have been no accomplishments and dilution continues. Cornell did not have the 500M warrant at that time. The discount on the preferreds was only 95%; not 75%. The environment has now changed due to the Global Financial Crisis.