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AKAPAK

04/22/10 11:03 PM

#1289 RE: drsandcrs #1287

Thanks for the breakout. LA has it's share of (wannabe) big $$$$ players and, of course, wheelers & dealers types.

The whole deal of "only" needing $10M of fresh capital sounds more like a con to get the creditors to "take a deal" using the BK court for a shakedown.

Yep, I agree it's an interesting poker game. Just don't think Meurelo really has a flush hand when the stakes are raised by the others at the table.

I think I'll watch with a small postion just to keep it in sight.

GL if you are in.

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Enterprising Investor

04/26/10 7:12 PM

#1296 RE: drsandcrs #1287

Did anyone contact a professor at MIT?

There is now way for anyone except for the transfer agent to know how many shares it would take participate in the rights offering.

There may a few physical share certificates in existence, but the vast majority of shares would be held in street name at Cede & Co., a nominee of Depository Trust & Clearing Corp. Thus, the number of shareholders detailed in any filing always understates the number of true stockholders.