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Mr Pennypacker

06/03/10 11:06 AM

#51417 RE: Founder77 #51412

Is that so hard to believe? What ever happened to the A/S reduction "in process"? Water under the bridge?

All I am saying is that this company currently has zero credibility until it actually follows through on its promises.
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wittytitty

06/03/10 11:49 AM

#51419 RE: Founder77 #51412

From the public statement:

Company's Board of Directors has determined that it will not authorize any reverse split of the Company's common stock within the next 120 to 180 days. Further, at this time, the Company has made no plans to effectuate a reverse split after that time period.

Determining something doesn't fall under the heading of the SEC requiring adherence. This isn't a statement of fact. Rather, it's nothing more than the voicing of an intent yet to happen (or not) in the conditional future. It means nothing, legalistically.

As for not having made plans? I'm not making plans on celebrating my death, either---but we all know I will die one day. Again, this is a design aimed at bending the shareholder's sentiment.

These are my opinions and not more. And yes---I'm just another stupid shareholder who thought she'd found something interesting.

WT