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ombowstring

08/31/09 11:08 AM

#28122 RE: gfp927z #28121

gfp, thanks much. You need to find those 25-baggers before they occur, though.

OT/ I think the basic economic problem the US and the world is facing boils down to this: 1 Timothy 6:10 - For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

All those people in the financial institutiions of the world, let's face it, have the love of money. They do everything in their power to draw more and more money unto themselves, regardless of the effects it has on other people. They grant themselves and their associates high salaries, bonuses, options, etc., like they themselves own the companies that they work for instead of the shareholders, who are the real owners of the companies. Even workers try to get every penny they can in yearly raises driving up the cost of everything the consumer buys.

Think about it -- Isn't it the love of money that has gotten us into this mess that we are in?

I know we need to support ourselves financially, but many people have gone way too far. Try to get a plumber or an electrician or even a dental cleaning and you're talking $80 to $125 an hour.

Ridiculous, and sad.
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scstocks

08/31/09 5:07 PM

#28128 RE: gfp927z #28121

Hello GFP, Once again, I just don't see a way around a reverse split, unless there is some partnering, reverse merger, or total sale news soon.

I have never thought that Cor management was overly strong with financings, but I have never thought they were stupid either. So why haven't they taken any action on the outstanding share issue? IT IS THE ELEPHANT IN THE ROOM.

105 million authorized now should be about it, imo.

How can they not bite the bullet and reduce the number of shares out, raise the share price, and then raise funds at a 30-40% discount to the reverse split price? A 20-1 reverse split might just get them 20 million or so under that scenario. Then they are left with lots more room for further financings down the road.

Maybe they don't think they can get investor interest for a years worth of financing at any price, no matter how few shares would then be outstanding. I just don't get it. (not surprising)

Hope you are doing well.