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MobyInvestor

09/15/09 12:58 PM

#50791 RE: senrex #50783

...does it have to do with the R/S?

Yes, along with the poison pill.

My expectation is that the R/S goes off at 1:10 and the $11/share in the poison pill puts a floor in for current shareholders to break even.

Unless you're cost basis is under $1.10 today the chance of you profiting on what ultimately happens with Peregrine is pretty slim.

Regards,

moby